UAE company plans to set up oil refinery in Armenia

|

USD

398.36

EUR

418.44

RUB

4.1077

GEL

138.8

07.01.2025, 11:26

An investor from the UAE is interested in establishing an oil refinery in Armenia, said Lilit Haroyan, head of the Investment Promotion Center of Enterprise Armenia Fund.

UAE company plans to set up oil refinery in Armenia

YEREVAN, January 7. /ARKA/. An investor from the UAE is interested in establishing an oil refinery in Armenia, said Lilit Haroyan, head of the Investment Promotion Center of Enterprise Armenia Fund.

‘ The investor is interested in establishing an oil products processing plant on the border between Armenia and Iran ’ she said in a report by Public Television of Armenia.

The mission of the Investment Promotion Centre of Enterprise Armenia Fund is to create a favourable business environment for foreign and domestic investors to attract new investment and facilitate reinvestment to ensure sustainable economic growth. -0-

Armenian manufacturer of armoured helmets exempted from customs duties

Armenian company Wolverine E.A.D.G. was awarded today by the government customs privileges in return for a pledge to invest AMD 904.8 million (over $2.2 million) in production of high-end armoured helmets.

23.01.2025 16:38

Armenia to raise fines for large companies for inappropriate financial reporting

The National Assembly of Armenia has approved today in the first reading a set of amendments to the Tax Code, which propose to raise fines for large companies submitting financial reports in an improper form or not on time.

22.01.2025 16:26

Armenian government gains control over dual-use exports

The Armenian Parliament has approved today in the second and final reading a set of amendments to the law on control over the export of dual-use goods, their transit through the territory of Armenia, transfer of dual-use information and results of intellectual activity.

22.01.2025 16:12

Armenia Airways registers its first cargo aircraft

Armenia Airways' Boeing 737-300SF cargo aircraft is currently at the registration stage, the press service of the airline told ARKA news agency on Monday.

20.01.2025 18:44

Unibank opens new branch in Malatya-Sebastia district of Yerevan

Unibank's branch ‘Zoravar Andranik’ has started servicing clients, the bank's press service reported.

17.01.2025 17:43

"Shoonch": high-quality water and freshness in every drop (video)

The production of the Armenian water brand "Shoonch" began about two years ago. In developing the brand name and bottle design, the founders of Shoonch studied global market trends, creating a product that is poised to establish its presence in the international market.

16.01.2025 13:46

Who must submit 2024 income tax returns and how – clarifications from Armenia's State Revenue Committee

The second phase of the universal income declaration system has begun in 2024. Under this phase, declarations for the 2024 tax year must be submitted by March 1, 2025, inclusive.

15.01.2025 13:04

Armenia to introduce special labeling for products with milk fat substitutes

The Parliamentary Committee on Economic Affairs of the National Assembly of Armenia has approved, in the first reading, a draft law requiring that products made with milk fat substitutes be displayed separately on shelves and labeled accordingly.

15.01.2025 12:09