 UAE businessman establishes eastern bakery in Armenia (video)  January 30, 2019 - 16:27 AMTPanARMENIAN.Net - With the support of Business Armenia, Golden Bakery has established an eastern bread factory in Armenia. The $225,000 foreign investment was made by Khalib Varha, a businessman from the United Arab Emirates. Production started on Wednesday, January 30. Loshik (a type of flatbread), zatar, cheese, other types of bread, as well as Middle Eastern cookies will be baked and sent to trade points across Yerevan “We will invest another $150,000 during the next 3 years. We also aim to export our bakery products to Georgia," noted Sevan Artin, the CEO of Golden Bakery. During the investment process in Armenia, Golden Bakery collaborated with Rivera Capital Investment Company, which developed a business plan and a development strategy. "In addition to making mutually beneficial deals, we are also interested in increasing the wave of investment in Armenia," added Garen Mikirditsian, the founder of Rivera Capital.   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.Former Pashinyan envoy urges end to Genocide speculation Marukyan has urged authorities in Armenia stop discussions about verifying the names of 1.5 million victims.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. |
