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Armenia, Philippines step up economic cooperation

Armenia, Philippines step up economic cooperation

PanARMENIAN.Net - On August 16, Armenian government approved the proposal to sign an agreement with the Philippine government.

As RA Deputy Minister of Economy noted, Armenia and Philippines will step up economic, scientific and technical cooperation.

“This framework agreement will promote bilateral economic relations,” Ara Petrosyan said.

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“The investments will be spent to build a canning factory and slaughterhouses, expand greenhouse farms,” Ignati Arakelyan said.
The funding will go to a subsidiary of ContourGlobal, an international power-generation company that acquired the Vorotan Cascade in 2015.
"We are yet unable to disclose the names of companies we are conducting negotiations with," Satenik Hovhannisyan said.
1,259,657 tourists have arrived in Armenia in January-December 2016, the National Statistical Service said, up by 5,7% on the year before.
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