  Armenia eyes production of advanced electrical equipment April 23, 2016 - 18:13 AMT PanARMENIAN.Net - President Serzh Sargsyan on Saturday, April 23 attended the launch of new production facilities at Cascade holding, a Tashir Group affiliate, designed for the production of high-quality electrical equipment. By launching companies for production of modern electrical equipment, the Electric Networks of Armenia (which belongs to Tashir Group) enters the first stage of its anti-crisis program aimed at a phased modernization of the electricity distribution installations, optimization and strengthening of control over ENA’s financial and economic activity. Total investment cost of the project stands at $20 million. The project envisages 500 new jobs, eyeing the production of electricity meters and other equipment.   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 |  Latest news Protesters rally as Georgia debates 'foreign agent' bill  Georgian critics label the bill "the Russian law", comparing it to legislation used by the Kremlin to crack down on dissent.Azerbaijan, Jordan sign deal on defense cooperation Azerbaijan and Jordan have signed an agreement on cooperation in the field of defense, according to an official statement.First Canadian expert join EU mission in Armenia The first Canadian expert to join the European Union’s civilian mission in Armenia has arrived in Armenia.Armenian cemetery in Fresno hit by arsons six times since January Six total incidents have burned 19 old-growth trees. Friday night 8 trees were torched along the beautiful main entrance. |
