Production of multifunctional trucks to launch in ArmeniaOctober 12, 2017 - 15:46 AMT PanARMENIAN.Net - AA Trucks will start production of multifunctional trucks with innovative technology with a $40 million investment in Armenia. By a government decision, AA Trucks was granted permission to operate at the Alliance free economic zone in the country. According to the project, exports will amount to $25 million dollars in the fifth year of production. The trucks are set to be shipped to the member-states of the Eurasian Economic Union, Iran, Georgia, the United States, as well as the Middle Eastern and Central Asian countries. Also, the new plant will provide 40 jobs in the first two years, and more than 1000 jobs as a result of growth in production volumes. 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 | U.S. welcomes Armenia, Azerbaijan’s border delimitation announcement Blinken said it is an important step towards concluding a durable and dignified peace agreement. Residents Of border villages protest as Armenia, Azerbaijan agree on delimitation Residents of several Armenian communities in the northeastern Tavush province began protests late on Friday. European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. |