  Industry Development Foundation launched in Armenia January 14, 2013 - 15:19 AMT PanARMENIAN.Net - Economy Ministry hosted the 1st board sitting of a newly-formed Industry Development Foundation (IDF). As Economy Minister, IDF board chair Tigran Davtyan stated at the sitting, the Foundation aims to extend financial, technical and organizational support to export-oriented companies. The authorized capital of the organization amounts to AMD 500 million, including budget-provided AMD 300 million. According to Davtyan, talks are in progress to increase the authorized capital through the involvement of private sector and foreign investments. As he noted, Economy Minister was put in charge of the Foundation management, with deputy ministers, representatives of private sector and NGOs as board members.   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 |  Latest news Concept to complete Yerevan Cascade discussed at city hall  A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte.Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province.€3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms.Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |
