  President says $1 billion investment project coming to Armenia November 1, 2017 - 17:09 AMT PanARMENIAN.Net - The Investors Club of Armenia will make a big presentation in Yerevan about the launch of a major investment program, worth a little more than $1 billion, president Serzh Sargsyan said in an interview with RIA Novosti. The investment will mainly be made into the energy sector of Armenia, which includes the modernization of the Electric Networks of Armenia, the construction of a new hydroelectric power station and enterprises for the manufacture of products for power engineers with Schneider Electric, a well-known company," Sargsyan said. "And I think this product will find its way to the Russian market." Also, Sargsyan said that work is underway to establish a Russian-Armenian fund which will focus on investments for IT, energy, high-tech products.  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 European Parliament to discuss repression in Azerbaijan  The European Parliament will discuss repression of civil society in Azerbaijan on April 24PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE.Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide.Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |
