Armenian entrepreneurs won’t benefit from launching business in GeorgiaFebruary 22, 2011 - 12:41 AMT PanARMENIAN.Net - The executive director of the Union of Armenian Manufacturers and Businessmen commented on business environment in the country during a news conference in Yerevan. “Business outflow from Armenia to neighboring countries, specifically Georgia, can be explained by more favorable conditions for operating a business,” Gagik Makaryan remarked. “However, an Armenian businessman intending to launch a new venture should be informed that Georgia’s not belonging in CIS rules out export to CIS states or a serious perspective of entering Eastern Europe’s markets,” he noted. Consequently, only the business meant for internal market would benefit from being transferred to Georgia, Makaryan said, specifying food industry, tourism and construction among promising sectors. 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 | 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. “By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. |