INDIAN COMPANY INTENDS TO MAKE LARGE INVESTMENTS IN ARMENIAN JEWELRYNovember 26, 2003 - 21:40 AMT PanARMENIAN.Net - "RosyBlue" largest Indian company, engaged in diamond cutting, intends to invest $5 million in the jewelry of Armenia in 2004. A group of "RosyBlue" representatives has arrived in Armenia for that purpose, visiting a number of local jewelry enterprises, reported company co-founder Harshad Meta. In his words, the volume of commodity turnover when realizing the project in question is expected to make $15 million annually. The US will be the main market, although part of the production is planned to be sold at the local market. It should be noted that "RosyBlue" has already been in Armenia for over three years, investing into the jewelry industry over $15 million within that period. Top stories The Armenian Defense Ministry has denied Azerbaijan's accusations of violating the ceasefire. Armenian Prime Minister Nikol Pashinyan took to social media to thank his Lithuanian counterpart for the contribution. President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova. Achieving stable peace between Armenia and Azerbaijan remains a priority of the OSCE, said Ian Borg. Partner news | Moody's upgrades IDBank's rating Moody's has upgraded ID Bank CJSC's (IDBank) long-term local and foreign currency bank deposit ratings to Ba3 from B1. U.S. “very clear” with Azerbaijan: “It’s time to make peace with Armenia” James O'Brien has said that the United States is “very clear” with Azerbaijani that it is a time to make peace with Armenia. PACE adopts resolution on Armenia's commitment to reforms PACE welcomed the electoral reforms implemented by Armenia in accordance with the recommendations of the Venice Commission. Armenia, Germany discuss ties, South Caucasus peace process Armenian lawmakers met with the Minister of State at the Federal Foreign Office of Germany, Tobias Lindner. |