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Economy Ministry: more than $7m to be invested in Karakert steel plant set up with Iranian investment
Armenian Minister of Economy Gevorg Papoyan visited last Friday a metallurgical plant in Karakert village of Armavir marz, created with $5 million Iranian investments. YEREVAN, 24 June. /ARKA/. Armenian Minister of Economy Gevorg Papoyan visited last Friday a metallurgical plant in Karakert village of Armavir marz, created with $5 million Iranian investments. He was accompanied by Iranian Ambassador to Armenia Mehdi Sobhani. The construction of the plant started in 2021 and the output was launched...
06/24/2024Armenian-American steel plant under construction in Yeraskh will be moved to another location- minister
... another location, Minister of Economy Vahan Kerobyan said on Tuesday. YEREVAN, October 31. /ARKA/. The Armenian-American steel plant under construction in the village of Yeraskh will be moved to another location, Minister of Economy Vahan Kerobyan ... ..., working on the site, were seriously wounded in summer and equipment and buildings were damaged as a result of cross-border fire from nearby Azerbaijani army positions. Kerobyan told reporters on Tuesday that the new location will nevertheless be located ...
10/31/2023Armenian Deputy Prime Minister says everything being done to ensure comfort for GTB Steel company
Armenian Deputy Prime Minister Mher Grigoryan told reporters today that all authorized bodies are working to ensure comfortable conditions for a foreign investor that is building a steel plant outside the village of Yerskah in Armenian province of Ararat. YEREVAN, September 4. /ARKA/. Armenian Deputy Prime Minister Mher Grigoryan told reporters today that all authorized bodies are working to ensure comfortable conditions for ...
09/04/2023Azerbaijani troops fire more than 60 shots in three days at steel plant in Armenian Yeraskh
... intensively shelled a steel plant under construction in the Armenian village of Yeraskh from August 25 to 27, GTB Steel LLC reported. The plant is located several hundred meters away of the border with Azerbaijani exclave Nakhichevan. "Azerbaijani troops fired more than 60 shots in the direction of the plant over the last three days," the company said. It said the shelling was with unprecedented intensity, holding the workers' living quarters at gunpoint. The joint Armenian-U.S. steel plant is estimated to cost $70 million. During June 14 shelling two foreigners working at the plant were wounded. They were citizens of India - Mihamad Asif and Mirhasan Sahajan, who were rushed to a local hospital for surgeries. -0-
08/28/2023No grounds for Azerbaijan's demand to "immediately stop construction" of Yeraskh steel plant - Armenian Ministry of Environment
In response to Azerbaijani allegations that a steel plant under construction in the village of Yeraskh (bordering Azerbaijan’s exclave Nakhichevan), would cause environmental damage, Armenian Ministry of Environment, said the plant will be processing small amounts of ferrous scrap metal exclusively ...
08/08/2023Azerbaijan uses all means of hybrid warfare to cause damage to Armenian mining industry
... Company registered in Azerbaijan," Janyan said. He said in retaliation the Tatoyan Foundation filed a class action suit against the Anglo-Asian Mining Company 's CEO Mohammad Reza Vaziri in the U.S. court. Regarding the regular shelling of the steel plant being built in Yeraskh with U.S. investments Janyan recalled that its owners –U.S.-registered Virtual Funding and CSE Global Investments- warned Azerbaijan that they do not intend to abandon their plans, and in case the shelling continues,...
07/24/2023Azerbaijani armed forces again shell steel plant under construction in Yeraskh- Ministry of Defense
Azerbaijani troops have again shelled a still plant under construction outside the village of Yeraskh in Ararat region of Armenia, the Defense Ministry reported. YEREVAN, June 27. /ARKA/. Azerbaijani troops have again shelled a still plant under construction outside the village of Yeraskh in Ararat region of Armenia, the Defense Ministry reported. It said the shelling was recorded at 1:15 p.m. on June 27. The Azerbaijani armed forces have been firing in the direction of the Yeraskh community...
06/27/2023Azerbaijani troops fire at Armenian position in Syunik and at a steel plant in Yeraskh
... Defense Ministry reported that at 00:20 a.m.today, Azerbaijani armed forces used small arms of various caliber to fire at Armenian positions located near Kahhakni village in Gegharkunik province. On June 20 at 4:30 p.m., units of Azerbaijani armed forces fired small arms of various caliber at an American-Armenian steel plant under construction outside the village of Yeraskh in Ararat region. On Tuesday, Armenian and U.S. flags were raised at the plant. According to Tiran Hakobyan, head of GTB Steel's Board of Directors, the company will not stop construction despite ...
06/20/2023GTB Steel to continue construction of steel plant in Yeraskh despite Azerbaijani shelling
... outside the village of Yeraskh that borders Azerbaijani exclave Nakhichevan has been repeatedly shelled by Azerbaijani troops. Two workers, identified as nationals of India, working on the site, were seriously wounded last week as a result of cross-border fire from nearby Azerbaijani army positions. "We will continue building the plant. Of course, raising the flags does not gives us some additional military protection," Hakobyan said. According to him, the construction of the Armenian-American steel plant, estimated to cost $70 million was permitted by the government. "The Republic of Armenia has given us all the necessary permits. We have all the documents required by law for the construction of the plant," the businessman said. ...
06/20/2023U.S. State Department says again that agreement between Baku and Yerevan "still within reach" despite Azerbaijani shelling
... Armenia sustained injuries from gunfire from the direction of Azerbaijan,’ Miller said. ‘We reiterate our call for restraint along the borders as the parties work toward a durable and balanced peace.’ he said. On June 13 and 14, the Armenian-U.S. steel plant being built in the village of Yeraskh (the cost of the project is $70 million) came under Azerbaijani armed forces; fire. According to the Armenian Defense Ministry, two foreigners were wounded as a result of the June 14 shelling. They are citizens of India - Mihamad Asif and Mirhasan Sahajan, who were working at the construction site. They were rushed to a local hospital ...
06/16/2023Azerbaijani armed forces again fire at steel plant under construction in Armenian Yeraskh
On June 16, at 10:00 a.m., Azerbaijani armed forces used small arms of different caliber to fire at an Armenian-American steel plant being built outside the village of Yeraskh in Ararat region, bordering Azerbaijani exclave Nakhichevan. YEREVAN, June 16. /ARKA/. On June 16, at 10:00 a.m., Azerbaijani armed forces used small arms of different caliber to fire at an Armenian-American ...
06/16/2023Construction of Armenian-American steel plant will not be stopped after Azerbaijani shelling
Construction of an Armenian-American steel plant in the village of Yeraskh will be resumed after some technical issues are clarified, Tiran Hakobyan, the head of GTB Steel Holding Company (building the plant) told reporters on Thursday. YEREVAN, June 15. /ARKA/. Construction of an Armenian-American ...
06/15/2023U.S. deeply concerned that two civilian employees of U.S.-affiliated company in Armenia sustained injuries from Azerbaijani gunfire
... sustained injuries from gunfire from the direction of Azerbaijan,’ Miller said in a tweet. ‘We reiterate our call for restraint along the borders as the parties work toward a durable and balanced peace.’ he said. On June 13 and 14, the Armenian-U.S. steel plant being built in the village of Yeraskh (the cost of the project is $70 million) came under Azerbaijani armed forces; fire. According to the Armenian Defense Ministry, two foreigners were wounded as a result of the June 14 shelling. They are citizens of India - Mihamad Asif and Mirhasan Sahajan, who were working at the construction site. They were rushed to a local hospital ...
06/15/2023Azerbaijani fire wounds two foreigners in Armenian Yeraskh- defense ministry
Two foreigners were wounded after Azerbaijani troops opened fire at an Armenian-American steel plant under construction in Yeraskh, a village located on the border with Azerbaijani exclave Nakhichevan, the Armenian Defense Ministry reported. YEREVAN, June 14. /ARKA/. Two foreigners were wounded after Azerbaijani troops opened fire at ...
06/14/2023Environment Ministry: Yeraskh steel plant is being built in compliance with all environmental norms and requirements
The Armenian Ministry of Environment issued a statement regarding a project designed to construct a steel plant in Yeraskh community of Ararat province, bordering with Azerbaijani exclave Nakhichevan. YEREVAN, June 9. /ARKA/. The Armenian Ministry of Environment issued a statement regarding a project designed to construct a steel plant in Yeraskh ...
06/09/2023Armenian-American steel plant being built in Yeraskh
A large Armenian-American steel plant is being built in the village of Yeraskh in Ararat region, Armenian Economy Minister Vahan Kerobyan said in a Facebook post. YEREVAN, June 5. /ARKA/. A large Armenian-American steel plant is being built in the village of Yeraskh in Ararat ...
06/05/2023Iran prepares projects worth $5.2 billion for foreign investors
.... According to the Islamic Republic News Agency, the Iranian authorities will offer foreign companies to participate in 16 major projects in metal and energy production, Vestifinance.ru reports. According to Bloomberg, some of the projects are a steel plant project worth $975 million, a power plant with a capacity of 1,000 MW ($900 mln) and an aluminum plant ($824mln). Earlier reports said British investors were getting prepared for the lifting of the sanctions against the Islamic Republic ...
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