Armenian government adopts strategy of smooth transition to manufacturing of end-productsOctober 29, 2009 - 15:58 AMT PanARMENIAN.Net - Cooperation between Russia and Armenia covers all major spheres of the economy, Armenia's minister of economy Nerses Yeritsyan said addressing the "Russia-Armenia: economic cooperation" conference, organized within the framework of 'Expo-Russia 2009 Armenia' second industrial exhibition. The minister named the most important industries for the government fuel and energy spheres, mining and chemical industry, electrical industry, transport. The minister touched upon prospects for developing uranium deposits, as well as in the construction of the new nuclear power block in Armenia. "New large-scale projects in Armenia's mining and processing industries can significantly increase trade turnover between Armenia and Russia. Armenian government has chosen the strategy of smooth transition to manufacturing of end-products," he said. According to Nerses Yeritsyan, there is a great potential for Russian investment in the construction industry. 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 | Politico: Belarus delivered advanced weapons to Azerbaijan in 2018-2022 Belarus delivered advanced weapons to Armenia’s enemy even though both countries were supposedly allies in a defense pact. Armenia Security Council chief to attend Ukraine peace summit Secretary of the Security Council of Armenia Armen Grigoryan will take part in the Ukraine peace summit in Switzerland. Deputy U.S. Secretary of State to arrive in Yerevan Deputy Secretary of State for Management and Resources Richard R. Verma will travel to Yerevan, Armenia from June 17-19 to. Armenia recalls Belarus envoy for consultations Armenian Ambassador to Belarus has been called to Yerevan for consultations, a spokesperson for the Foreign Ministry reveals. |