Armenia second largest exporter of diamonds in CIS: studyDecember 5, 2018 - 12:59 AMT PanARMENIAN.Net - Business Armenia has released a marketing package presenting investment opportunities in the jewelry sector. According to the research included in the package, Armenia is the second largest exporter of diamonds in the CIS region. Last year, more than 50% of Armenian jewelry industry production was exported to Switzerland. The sector accounts for 13% of the country's total exports. The jewelry production increased by 36% in 2017 alone and the average annual growth of diamonds processing was more than 50% between 2014 and 2017. Among the incentives in the jewelry industry is VAT discharge for import and sale of gold and precious stones, no VAT for sale of unfinished gold jewelry as well as the existence of a free economic zone for the companies operating in jewelry, watch-making and diamond cutting industries. The package is addressed to foreign investors and is presented under “Select Armenia” brand with “Make your move, Select Armenia” slogan. 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 | Erdogan wants “realistic road map” for relations with Armenia Turkish President Recep Tayyip Erdogan has called for a “new realistic road map” for relations with Armenia. Armenia-Azerbaijan: Experts launch work on determining coordinates Expert groups from the countries started the process of determining the coordinates based on geodetic measurements. Yerevan says did not expect CSTO in peacekeeping role Pashinyan has declared that the CSTO would be expected to come to the Armenia-Azerbaijan border as an ally of Armenia Henrikh Mkhitaryan wins Serie A title with Inter Inter Milan midfielder Henrikh Mkhitaryan admits that the team have long been imagining clinching Serie A against AC Milan. |