New investments from Lebanon expected in ArmeniaJanuary 9, 2018 - 11:44 AMT PanARMENIAN.Net - The delegation of the Development Foundation of Armenia has summed up the results of a Lebanese business mission which yielded agreements on new investments and establishment of production in Armenia. Gyumri Technology Center and MALIA Group have already signed a document for cooperation after successful negotiations. The Lebanese company has decided to provide software, technology solutions to startups in the Gyumri center. Several other arrangements are still being discussed. A Lebanese company, Tony’s Food aims to establish joint production of semi-finished food products in Armenia in order to export them to Russia. Meptico, meanwhile, has developed a project to produce powder and nutritional supplements for the production of sweets and pastries in Armenia, as well as for exporting the products to the Russian market. The launch of Mike Sport sportswear and accessories production in Armenia is also under discussion. Also, the Beirut-based Management and Development International Company aims to invest in projects developed by the DFA. In the Armenian town of Artashat, Lebanon's Bycop Home Textiles has already established textile production, with the DFA set to support in aftercare services. 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 | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. 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. |