  Armenia aspires to Silicone ValleyMay 13, 2009 - 12:42 AMT PanARMENIAN.Net - A regular meeting of the Armenian-American intergovernmental working group is being held in Yerevan under chairmanship of RA Minister of Economy Nerses Yeritsyan."The Armenia-U.S. cooperation will allow Armenian manufacturers to enter new markets and to attract new investors. Engagement of our companies in the work of Silicone Valley will also be discussed," Minister Yeritsyan said. Some $238 million was invested in Armenian economy from 2000 to 2008. In 2008, investments amounted $30 million. Trade turnover totaled $52 million (export) and $219 million (import). As of January 1, 2009, 535 U.S. organizations are registered in Armenia.   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 |  Related sections Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
