UAE businessman establishes eastern bakery in Armenia (video) January 30, 2019 - 16:27 AMT PanARMENIAN.Net - With the support of Business Armenia, Golden Bakery has established an eastern bread factory in Armenia. The $225,000 foreign investment was made by Khalib Varha, a businessman from the United Arab Emirates. Production started on Wednesday, January 30. Loshik (a type of flatbread), zatar, cheese, other types of bread, as well as Middle Eastern cookies will be baked and sent to trade points across Yerevan “We will invest another $150,000 during the next 3 years. We also aim to export our bakery products to Georgia," noted Sevan Artin, the CEO of Golden Bakery. During the investment process in Armenia, Golden Bakery collaborated with Rivera Capital Investment Company, which developed a business plan and a development strategy. "In addition to making mutually beneficial deals, we are also interested in increasing the wave of investment in Armenia," added Garen Mikirditsian, the founder of Rivera Capital. 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. |