Armenia to spend tens of billions of AMD to develop industryFebruary 22, 2011 - 14:49 AMT PanARMENIAN.Net - Armenian Minister of Economy Tigran Davtyan said that there are 50 investments programs at the amount of tens of billions of AMD for industry development. “These programs are in process of implementation and we work to finalize them within 1-1.5 years,” Davtyan said during a joint sitting of the Armenian Ministry of Economy and the Union of Armenian Manufacturers and Businessmen. According to Davtyan, the government has defined 50 investment programs for industry development, in which cooperation of private capital with the state is required. The Minister added that the government has provided privileges to some of these programs. Davtyan noted that the programs are implemented in various fields of economy, with the majority of them being financed through internal investments. 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. |