  Investment project of Nairit plant estimated at $150-300mlnNovember 20, 2010 - 17:36 AMT PanARMENIAN.Net - Armenian Prime Minister Tigran Sargsyan said that the investment project of Nairit chemical plant is estimated at $150-300mln. Final decisions on the project will be adopted until the end of 2010, Mr. Sargsyan told journalists based on the results of his two-day visit to Saint Petersburg. The project was submitted to the anti-crisis fund of the Eurasian Economic Community (EurAsEC). Armenia’s partners have discussed the matter, including during a meeting of the Armenian Prime Minister with Russian Deputy Prime Minister Igor Shuvalov. Based on the results of discussions, the Armenian and Russian ministries of finance have been instructed to submit certain technical and financial offers on the investment project, as it presents interest for both Armenia and the CIS. Tigran Sahakyan said that the amount of financing depends on components to be included in the project. “Nairit plant is not only a production of rubber. Various types of raw materials can be obtained there for their usage in other productions. It suggests that the investment project of Nairit can be considerably expanded,” concluded Tigran Sargsyan.   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 Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty  Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza.Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations.Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |
