Armenian businessmen familiarize themselves with free trade zone on Iranian Kish IslandFebruary 1, 2011 - 18:59 AMT PanARMENIAN.Net - Armenian Ministry of Economy hosted a presentation of free trade zone on Iranian Kish Island. The press service of the Armenian Development Agency reported that favorable conditions are created on the island for both Iranian and foreign investors. Specifically, the law envisages investments by Iranian and foreign citizens, Iran’s guarantees for safety of capital investments and investors’ right to withdraw them, as well as freely dispose the obtained income. Besides, the law envisages duty-free import of equipment, means of transport, raw materials and construction materials for construction of industrial, trade and residential facilities; income and property tax exemption for 15 years, as well as usage of qualified foreign labor force in the free trade zone up to 10% of the total number of employees, etc. Kish Island is located 18km of the southern coast of Iran, what allows for goods transit via Iranian railroads and highways to the countries of South Caucasus and Central Asia. 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 | About 32,000 rally in Yerevan to deman Pashinyan’s resignation About 31,700 people attended an opposition rally on Thursday, May 9 in Yerevan demanding the resignation of Prime Minister Nikol Pashinyan. Armenian, Azerbaijani Foreign Minister to meet in Almaty Armenian Foreign Minister Ararat Mirzoyan and his Azerbaijani counterpart Jeyhun Bayramov will meet in Almaty. Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents. |