"Fact" daily writes:
The other day, information was published that businessman Narek Nalbandian is entering the mining industry.
In particular, he and his partner founded "Hankvasort" LLC and became a shareholder of 33 percent each of "Meghradzor Gold" LLC, which operates the Meghradzor gold-multimetallic mine.
According to "Past" newspaper, "Meghradzor Gold" LLC had serious financial problems, the mine was not fully exploited, there were also salary debts, according to which the company was put up for sale and Narek Nalbandyan and his partner bought it.
In an interesting pattern, Nalbandian's recent purchases are problematic, so to speak, in that the units he bought were either in crisis, on the verge of closing, or closed altogether.
In other words, the "oligarch of the heart of the authorities" acts in the role of a kind of "savior", making a fool of the authorities, buying "lame" organizations and making them leaders in the field.
For example, the "Gelden Palace" hotel complex in Tsaghkadzor was donated to the state by the former head of customs Armen Avetisyan in 2019, but the latter could not sell it for 2.5 years.
Only after great efforts and several unsuccessful auctions did the government manage to sell the hotel to Narek Nabandyan.
Now, in fact, he bought the mine, which is important for Armenia's economy.
