Armenia to produce, export night vision, thermal imaging camerasJuly 14, 2016 - 13:38 AMT PanARMENIAN.Net - Production of military night vision goggles and thermal imaging cameras will be launched in Armenia, with Unicom Engineering set to manufacture the devices, Aysor.am reports. According to Economy Minister Artsvik Minasyan, the production and export of the equipment will be organized in Armenia’s Alliance free economic zone. “On the second year of the project in 2017, the export volume is expected to amount to $5 million, set to grow to $12 million on the fifth year,” Minasyan said. “During the first year of production, 1000 devices will be built and shipped abroad. We are to increase this number to 5500 in the future. Russia is the main recipient of Armenian night vision and thermal imaging cameras.” The project eyes investments worth $31 million, 10 jobs will be created at the beginning, and 35 people will work on the project in five years. 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 | Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. Byblos Bank Armenia celebrates Students' Day with scholarship recipients YSU students who received scholarships from Byblos Bank Armenia gathered in a casual setting to meet with the Bank's CEO, Hayk Stepanyan. Azerbaijan extends Rune Vardanyan’s arrest by 5 months A court in Azerbaijan has extended the arrest of former Nagorno-Karabakh leader Ruben Vardanyan by five months. Armenia border residents dissatisfied with delimitation Residents Kirants are dissatisfied with the results of the delimitation of the border between Armenia and Azerbaijan. |