Grand Holding to expand activitiesFebruary 17, 2009 - 18:44 AMT PanARMENIAN.Net - Not all governments and spheres are subject to direct influence of world economic crisis. This fact is proved by Grand Holding activities, the company's President Hrant Vardanyan told a news conference today.Speaking about the Masis Tabak company strategy, Hrant Vardanyan said that a new American technology is implemented to automate tobacco drying process. "Besides 72 compartments, 36 more were imported this year which will promote significant production growth," he said. "New generation tobacco manufacturing equipment, which will be competitive in the international market for 30 years, was purchased to the amount of $1 million." "A printing department, with 30 percent working capacity is opened in confectioneries; other construction works will be finished this year. As for waste paper, a new conveyer line is installed to provide napkin and paper production in Armenia," Mr. Vardanyan said. Among programs planned, he specified waste paper recycling, construction of a dwelling house in Shengavit community, a sports club and a church in Masis. Also, a natural juice and vodka production will be set up. 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 | About 173 million drams and more than 30 beneficiary funds. "The Power of One Dram" is 4 years old In June 2020, the exclusive joint corporate social responsibility initiative of Idram and IDBank "The Power of One Dram" was launched. Aliyev travels to Turkey at Erdogan's invitation On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit. CSTO budget “to be adjusted due to Yerevan’s non-payment of contributions” The CSTO budget for the current year requires adjustments due to the refusal of Yerevan to pay their share of contributions. Russia sends note of protest to Armenia over envoy’s trip to Ukraine’s Bucha Russia has sent a note of protest to Armenia over the visit of Vladimir Karapetyan and Tigran Ter-Margaryan to Bucha. |