#ARMENIA
Armenia’s ministry will seek to increase net inflow of foreign investments to 4-5% of GDP
Armenia’s ministry of economic development and investments will seek to increase the volume of net inflow of foreign investments to 4-5% of GDP in the near future, deputy minister Hovhannes Azizyan told journalists on Wednesday.Armenia makes first step towards creating free economic zone on border with Iran
Armenian minister of economic development and investments Suren Karayan and the director of the Syunik Free Economic Zone Yervand Ghukasyan have signed today an agreement regulating the operation of the Free Economic Zone (FEZ) to be created on the border with Iran.Some 600,000 foreign tourists visit Armenia in first quarter
About 600,000 foreign tourists visited Armenia in the first quarter of 2017, which is 18.2% more than in the same period of last year, the head of the State Committee for Tourism of the Ministry of Economic Development and Investment Zarmine Zeituntsyan said today.Armenian electricity production up 9.3 percent in first quarter
Production of electricity in Armenia in the first quarter of 2017 increased by approximately 9.3% (178 million kWh), when compared to the same time span of 2016, to about 2.1 billion kWh, the ministry of energy and natural resources said today.Armenian government has no intention to abandon construction of free economic zone on border with Iran
The Armenian ministry of economy and investment has declined today a report by the local daily ‘Haykakan Zhamanak’ (Armenian Time) claiming that the Armenian side intends to abandon the establishment of free economic zone in the southern Armenian Meghri near the border with Iran.No penny invested so far by club of investors in Armenia
None from the so-called Club of Investors, created by billionaire Samvel Karapetyan and Armenian prime minister Karen Karapetyan, comprising more than three dozen Russian business people of Armenian descent, has invested a penny in the Armenian economy so far, the local daily ‘Zhamanak’ (Time) reports.Egyptian airlines to operate regular flights from Yerevan to Red Sea resorts
Two Egyptian airlines will start operating regular flights from the capital of Armenia to the Egyptian resort towns on the Red Sea coast from the beginning of this summer, Russian news agency TASS reported citing the ambassador of the Arab Republic of Egypt to Armenia Tarek Muati.Armenia’s trade with EEU member countries surged by 15 percent
Armenia’s turnover with the Eurasian Economic Union’s (EEU) member countries grew by more than 15%, and the export of the Armenian goods to the Eurasian market grew by 65%, president Serzh Sargsyan said at a meeting of heads of states, members of the Eurasian Economic Union, in Bishkek, Kyrgyzstan, Sargsyan’s press office reported.Yerevan chemical and pharmaceutical company invests 293.9 million drams in production boosting
The Yerevan Chemical and Pharmaceutical Company will invest 293.9 million drams in boosting production, economic development and investments minister Suren Karayan said at a government meeting on Thursday.News 15861 - 15880 of 18471
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