Armenia second largest exporter of diamonds in CIS: studyDecember 5, 2018 - 12:59 AMT PanARMENIAN.Net - Business Armenia has released a marketing package presenting investment opportunities in the jewelry sector. According to the research included in the package, Armenia is the second largest exporter of diamonds in the CIS region. Last year, more than 50% of Armenian jewelry industry production was exported to Switzerland. The sector accounts for 13% of the country's total exports. The jewelry production increased by 36% in 2017 alone and the average annual growth of diamonds processing was more than 50% between 2014 and 2017. Among the incentives in the jewelry industry is VAT discharge for import and sale of gold and precious stones, no VAT for sale of unfinished gold jewelry as well as the existence of a free economic zone for the companies operating in jewelry, watch-making and diamond cutting industries. The package is addressed to foreign investors and is presented under “Select Armenia” brand with “Make your move, Select Armenia” slogan. 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 | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. 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. |