Lebanese businesses to make new investments in ArmeniaSeptember 26, 2018 - 13:24 AMT PanARMENIAN.Net - Lead by the CEO Armen Avak Avakian, the Business Armenia team was on an outreach mission to Lebanon on September 22-26. Within the framework of the visit, agreements on investments have been reached. This is the third outreach mission to Lebanon. Business Armenia has transferred the previous agreements to a new level of implementation as well as made new connections. The team has met a number of Lebanese businessmen and leaders of partner organizations. "With every business mission, we renew the old connections. We bring the previous agreements to a practical phase of implementation and attract new investments,” said Avakian. During the meeting with Business Armenia, the Chairman and CEO of Chedid Capital Holding Farid Chedid stated his plans on opening an Armenian branch of the insurance company. Chedid Capital Holding has branches in 5 different countries in the world. Also, the CEO of Makytech SARL Karo Mateos Matossian has expressed his interest in investing up to $ 250,000 in the production of plastic molding and industrial machine components in Armenia. MAC Agrochemicals company is considering to open a branch in Armenia. The company produces fertilizers and pesticides. A number of businessmen will visit Armenia to study the potential of starting new projects right on spot. "With the support of the official representative of Business Armenia Haroutioun Koundakjian, the Armenian Embassy in Lebanon and Ambassador Samvel Mkrtchyan, our delegation has visited several factories, met the business communities as a result of which we launched new Armenian-Lebanese cooperations,” said the International cooperation manager of Business Armenia, Alina Yeghiazaryan. 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 | 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. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. 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. |