Arsenal Ltd to invest $6.1 million in production of weapons and ammunition

|

USD

392.54

EUR

425.47

RUB

4.6351

GEL

141.59

21.02.2019, 16:00

Armenian Arsenal Ltd. will invest 3 billion drams (about $6.1 million) in the production of weapons and ammunition, Minister of Economic Development and Investments Tigran Khachatryan said during a government meeting on Thursday.

Arsenal Ltd to invest $6.1 million in production of weapons and ammunition

YEREVAN, February 21. /ARKA/.Armenian Arsenal Ltd. will invest 3 billion drams (about $6.1 million) in the production of weapons and ammunition, Minister of Economic Development and Investments Tigran Khachatryan said during a government meeting on Thursday.

The government provided today Arsenal Ltd. with a set of customs duties benefits for import of technological equipment and raw materials.

The minister said the imported equipment and raw materials will be used for the production of weapons and ammunition. He added that the company has been operating in Yerevan since 2017.

The minister said the company’s investment is to create 200 new jobs with an average salary of 250 thousand drams. ($1 – 487.59 drams). --0--

PayLink: new and simple solution from Ameriabank for businesses to receive payments

A new, fast and secure way to receive payments with just one link: Ameriabank and Dinno company present a joint platform PayLink – an innovative solution for accepting and managing payments.

21.03.2025 17:10

Central Bank of Armenia tries to balance risks and opportunities of crypto-assets

Regarding crypto-assets, the Central Bank of Armenia is trying to balance the opportunities and risks for the economy, Levon Sahakyan, a member of the Central Bank Board, said at the III Capital Markets Armenia conference organized by Cbonds.

20.03.2025 14:07

Acba Bank issues first “talking” cards in Armenia

The Acba Bank has started issuing Visa Signature Limited Edition cards with the image of "Armenia. Panel" by Martiros Saryan, the bank's press service reported.

19.03.2025 17:08

Armenian wines presented for the first time at FoodExJapan-2025 in Tokyo

For the first time, Armenian wines are being showcased at the international FoodExJapan-2025 food and beverage exhibition in Japan's capital.

17.03.2025 10:21

GTB Steel rebar plant opens in Ararat community of Armenia, $31 million invested

Armenian Prime Minister Nikol Pashinyan attended the opening ceremony of the Armenian-American GTB Steel rebar plant in Ararat community last Saturday, with $31 million invested in the plant.

17.03.2025 09:51

Grapes and apricots safe: Armenia adopts program of subsidizing agro-insurance

The Armenian government at a session on Thursday adopted a decision introducing a system of subsidizing agro-insurance for 13 types of crops against four types of risks - spring frost, drought, hail and fire

13.03.2025 16:17

Armenia plans to export fish and fish products to the EU for the first time

Armenia has received permission to export fish and fish products to EU countries for the first time.

13.03.2025 14:53

Armenian builders and developers deepen cooperation with Ministry of Economy

A memorandum of cooperation was signed on Wednesday between the Armenian Ministry of Economy, the Union of Builders of Armenia and the Armenian Association of Developers.

12.03.2025 19:04