 New investments from Lebanon expected in Armenia January 9, 2018 - 11:44 AMT PanARMENIAN.Net - The delegation of the Development Foundation of Armenia has summed up the results of a Lebanese business mission which yielded agreements on new investments and establishment of production in Armenia. Gyumri Technology Center and MALIA Group have already signed a document for cooperation after successful negotiations. The Lebanese company has decided to provide software, technology solutions to startups in the Gyumri center. Several other arrangements are still being discussed. A Lebanese company, Tony’s Food aims to establish joint production of semi-finished food products in Armenia in order to export them to Russia. Meptico, meanwhile, has developed a project to produce powder and nutritional supplements for the production of sweets and pastries in Armenia, as well as for exporting the products to the Russian market. The launch of Mike Sport sportswear and accessories production in Armenia is also under discussion. Also, the Beirut-based Management and Development International Company aims to invest in projects developed by the DFA. In the Armenian town of Artashat, Lebanon's Bycop Home Textiles has already established textile production, with the DFA set to support in aftercare services.   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 Macron says France commemorates 109th anniv. of Armenian genocide  Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says.Pashinyan: We must stop searching for homeland, we have found that homeland Prime Minister Nikol Pashinyan has shared a message on the 109th anniversary of the Armenian Genocide.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. |
