IKEA poised to build $50 mln furniture plant in RussiaFebruary 15, 2012 - 20:12 AMT PanARMENIAN.Net - Swedish home furnishing giant IKEA may build a furniture plant in the Nizhny Novgorod region near the Volga for 1.5 billion rubles ($50 million), regional deputy governor Dmitry Svatkovsky said on Wednesday, February 15, RIA Novosti reported. "Construction of the furniture-making plant by IKEA in ... the Nizhny Novgorod region is one of the interesting projects expected in 2012," Svatkovsky told reporters, adding that the plant would also process timber for furniture components. The regional government undertakes to build all necessary infrastructure, including transport, for the plant. Last year IKEA decided to build a chair-making plant in the Kirov region near Volga for more than 1 billion rubles ($33.4 million). IKEA's overall investment in Russia, where it has 28 outlets, amounts to nearly 100 billion rubles ($3.3 billion).   Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Latest news Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals  Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush.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. |
