Arms producer given green light for $6.7 mln investment in Armenia

Arms producer given green light for $6.7 mln investment in Armenia

PanARMENIAN.Net - Weapons manufacturer Arsenal LTD will invest AMD3.26 billion ($6.7 million) in Armenia and create 200 new jobs.

The government on Thursday, February 21 decided to provide customs privileges to the company for the import of technological equipment, their components and raw materials.

The annual output will amount to AMD 44.4 billion (more than $91 million).

 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
---