Production of multifunctional trucks to launch in ArmeniaOctober 12, 2017 - 15:46 AMT PanARMENIAN.Net - AA Trucks will start production of multifunctional trucks with innovative technology with a $40 million investment in Armenia. By a government decision, AA Trucks was granted permission to operate at the Alliance free economic zone in the country. According to the project, exports will amount to $25 million dollars in the fifth year of production. The trucks are set to be shipped to the member-states of the Eurasian Economic Union, Iran, Georgia, the United States, as well as the Middle Eastern and Central Asian countries. Also, the new plant will provide 40 jobs in the first two years, and more than 1000 jobs as a result of growth in production volumes. 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 | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |