IDeA Foundation pledges to attract $1.3 bn investments into ArmeniaApril 25, 2017 - 17:04 AMT PanARMENIAN.Net - IDeA Foundation will attract investments worth some $1.3 billion into Armenia throughout the next 15 years, co-founder Ruben Vardanyan said at a meeting with prime minister Karen Karapetyan on Tuesday, April 25. According to Vardanyan, IDeA and its partners and donors have since 2007 invested more than $550 million in various projects in Armenia and are planning to attract more resources which will leave a positive impact on the country's social and economic development. At the meeting, Vardanyan briefed the prime minister on a host of investment projects aimed at the development of information technologies, education, tourism, health, agriculture, mining, telecommunications, infrastructure, as well as the preservation of cultural heritage preservation, strengthening of the financial system, and the development of Artsakh (Nagorno Karabakh). Karapetyan, in turn, instructed the relevant bodies to cooperate with IDeA to better coordinate the activities. IDeA Foundation (Initiatives for Development of Armenia) implements strategic charitable initiatives for Armenia, Artsakh and Armenian Diaspora. The projects are aimed at preservation, rebirth and international recognition of national, spiritual and historical heritage, development of education, cultural enrichment and enhancement of competitiveness of the nation. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |