Iran mulls opening trade center in ArmeniaJuly 16, 2013 - 12:44 AMT PanARMENIAN.Net - Iran is mulling a possibility of opening a trade center in Armenia to expand economic ties with the country, Tehran Chamber of Commerce chairman said. As Yahya Ale-Eshaq stated during a Yerevan-hosted Armenian-Iranian business forum, the center will deal with transit-related issues and promote development of trade. As Mr Ale-Eshaq futher noted, Armenia may serve as a transit route to Iran on the way to other CIS states, while a multimillion market of Tehran’s neighbors will become open to Yerevan Deputy Economy Minister of Armenia Ara Petrosyan, in turn, urged full use of trade potential between the countries, noting that in the years to come major efforts are necessary to double the current trade turnover of $300 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 | Armenian delegation participating in NATO PA session The delegation is headed by Andranik Kocharyan, the chairman of the standing committee on defense and security matters. Schengen visa cost won’t change for Armenia – diplomat The increase in the cost of a Schengen visa will not apply to citizens of Armenia, a Foreign Ministry spokesperson has said. Azerbaijan's defense spending set to increase by 11% Azerbaijan's spending on defense and national security will increase by 11%, according to a fresh bill. Armenian PM’s helicopter makes emergency landing in Vanadzor The helicopter transporting Armenian Prime Minister Nikol Pashinyan made an emergency landing in Vanadzor. |