Nairit plant’s property set for auction - media

Nairit bankruptcy procedure manager, Karen Asatryan, has set the chemical plant’s property for an auction. According to the newspaper, an auction took place on April 28 in a courtroom of Yerevan’s …

Review of Russian banks extended until 2019

Russia plans to extend a review of bank licenses for another two years, shutting down scores more banks after closing hundreds in the past four years, mostly for committing fraud or other crimes, Russia's central bank deputy governor …

Air Armenia goes bankrupt

Air Armenia will be liquidated, the Zhoghovurd newspaper writes. According to the newspaper, the air company’s bankruptcy formalization is under way now in compliance with a decision made by the first-instance court of …

Air Armenia declared bankrupt

The ‘Zhoghovurd’ newspaper reports that the general jurisdiction court of Yerevan’s Kentron and Nork-Marash communities declared Air Armenia bankrupt based on a suit filed by HSBC.  "The airline’s …

Russians can now declare themselves bankrupt

A law on personal bankruptcy came into force in Russia today. This document allows a citizen with total debts of more than 500,000 rubles and over three months of missed payments to file for bankruptcy. The law gives a citizen the ...