President says $1 billion investment project coming to ArmeniaNovember 1, 2017 - 17:09 AMT PanARMENIAN.Net - The Investors Club of Armenia will make a big presentation in Yerevan about the launch of a major investment program, worth a little more than $1 billion, president Serzh Sargsyan said in an interview with RIA Novosti. The investment will mainly be made into the energy sector of Armenia, which includes the modernization of the Electric Networks of Armenia, the construction of a new hydroelectric power station and enterprises for the manufacture of products for power engineers with Schneider Electric, a well-known company," Sargsyan said. "And I think this product will find its way to the Russian market." Also, Sargsyan said that work is underway to establish a Russian-Armenian fund which will focus on investments for IT, energy, high-tech products. 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 | 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. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |