$70 million metallurgical plant under construction in Armenia June 5, 2023 - 13:27 AMT PanARMENIAN.Net - A major Armenian-American metallurgical plant with $70 million investment is under construction in the town of Yeraskh, Minister of Economy Vahan Kerobyan said on social media on Saturday, June3. “The plant is a 30-meter high structure with an area of 16,500 square meters, where the annual output will be 180,000 tons,” Kerobyan said. “200 workers are already employed [in the plant], and once it is launch the number of workers will be 1000,” he added.   Top stories 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. 938 Russian citizens have registered in Armenia as private entrepreneurs between February 24 and March 22   Partner news |  Latest news IDream launches special program for forcibly displaced Artsakh youth  IDBank has been implementing an educational program for students called IDream for several years now.EU, U.S., Sweden announce humanitarian funding for Karabakh The EU is boosting its humanitarian funding with €5 million in response to the increasing needs of the forcibly displaced.Moscow expects U.S. to refrain from “increasing anti-Russian sentiment in Armenia” Moscow expects Washington to refrain from dangerous words that “lead to increased anti-Russian sentiment in Armenia.”UN ready to help Karabakh people “if given access” Dujarric told reporters that the World Organization is concerned about the influx of people into Armenia. |
