IDeA Foundation pledges to attract $1.3 bn investments into ArmeniaApril 25, 2017 - 17:04 AMT PanARMENIAN.Net - IDeA Foundation will attract investments worth some $1.3 billion into Armenia throughout the next 15 years, co-founder Ruben Vardanyan said at a meeting with prime minister Karen Karapetyan on Tuesday, April 25. According to Vardanyan, IDeA and its partners and donors have since 2007 invested more than $550 million in various projects in Armenia and are planning to attract more resources which will leave a positive impact on the country's social and economic development. At the meeting, Vardanyan briefed the prime minister on a host of investment projects aimed at the development of information technologies, education, tourism, health, agriculture, mining, telecommunications, infrastructure, as well as the preservation of cultural heritage preservation, strengthening of the financial system, and the development of Artsakh (Nagorno Karabakh). Karapetyan, in turn, instructed the relevant bodies to cooperate with IDeA to better coordinate the activities. IDeA Foundation (Initiatives for Development of Armenia) implements strategic charitable initiatives for Armenia, Artsakh and Armenian Diaspora. The projects are aimed at preservation, rebirth and international recognition of national, spiritual and historical heritage, development of education, cultural enrichment and enhancement of competitiveness of the nation. 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 | Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment. |