Business Armenia reports record breaking export indicatorsFebruary 1, 2019 - 11:18 AMT PanARMENIAN.Net - Business Armenia announced on Friday, February 1 that it has submitted its activity report of 2018 to the board of trustees. The foundation secured export contracts worth record breaking AMD 6.8 billion (apx $13.9 million), last year. For a single 1 dram spent, 26.4 drams were received. With the support of Business Armenia, 116 Armenian companies participated in 10 international exhibitions, finding major international buyers. In 2018, the index of (re)investments also improved: around $21.1 million against the last year’s $15 million and $0 of the year before. Business Armenia team met with nearly 392 potential investors last year for conferences, outreach campaigns, business events, signing memoranda of understanding on investment of $350 million as a result. Among the foreign investors are New Yidea, ARGA-EuroSteel, Ghalburjian Group, Arad, Atlas Global, Ecotekhprom, Mataluskaupa Online OA, VHL Development. “At the end of the year, a new system service called One Window, which has also expanded the scope of Business Armenia's support, was implemented. From now on, the foundation will double its efforts in IT, renewable energy, and other sectors of the economy" stated Armen Avak Avakian, the CEO of Business Armenia Foundation in 2017-2018. Business Armenia team also provided support with the organizational works of the events of Francophonie Economic Forum on October 10, 2018, and the EAEU biggest annual business event Eurasian Week, on October 22-24. The National Statistical Service revealed earlier that in 2018 the country set a new record by selling even more products overseas. 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. |