Armenian entrepreneurs won’t benefit from launching business in GeorgiaFebruary 22, 2011 - 12:41 AMT PanARMENIAN.Net - The executive director of the Union of Armenian Manufacturers and Businessmen commented on business environment in the country during a news conference in Yerevan. “Business outflow from Armenia to neighboring countries, specifically Georgia, can be explained by more favorable conditions for operating a business,” Gagik Makaryan remarked. “However, an Armenian businessman intending to launch a new venture should be informed that Georgia’s not belonging in CIS rules out export to CIS states or a serious perspective of entering Eastern Europe’s markets,” he noted. Consequently, only the business meant for internal market would benefit from being transferred to Georgia, Makaryan said, specifying food industry, tourism and construction among promising sectors. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. |