Production of multifunctional trucks to launch in ArmeniaOctober 12, 2017 - 15:46 AMT PanARMENIAN.Net - AA Trucks will start production of multifunctional trucks with innovative technology with a $40 million investment in Armenia. By a government decision, AA Trucks was granted permission to operate at the Alliance free economic zone in the country. According to the project, exports will amount to $25 million dollars in the fifth year of production. The trucks are set to be shipped to the member-states of the Eurasian Economic Union, Iran, Georgia, the United States, as well as the Middle Eastern and Central Asian countries. Also, the new plant will provide 40 jobs in the first two years, and more than 1000 jobs as a result of growth in production volumes. 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 | Erdogan wants “realistic road map” for relations with Armenia Turkish President Recep Tayyip Erdogan has called for a “new realistic road map” for relations with Armenia. Armenia-Azerbaijan: Experts launch work on determining coordinates Expert groups from the countries started the process of determining the coordinates based on geodetic measurements. Yerevan says did not expect CSTO in peacekeeping role Pashinyan has declared that the CSTO would be expected to come to the Armenia-Azerbaijan border as an ally of Armenia Henrikh Mkhitaryan wins Serie A title with Inter Inter Milan midfielder Henrikh Mkhitaryan admits that the team have long been imagining clinching Serie A against AC Milan. |