Armenia to spend tens of billions of AMD to develop industryFebruary 22, 2011 - 14:49 AMT PanARMENIAN.Net - Armenian Minister of Economy Tigran Davtyan said that there are 50 investments programs at the amount of tens of billions of AMD for industry development. “These programs are in process of implementation and we work to finalize them within 1-1.5 years,” Davtyan said during a joint sitting of the Armenian Ministry of Economy and the Union of Armenian Manufacturers and Businessmen. According to Davtyan, the government has defined 50 investment programs for industry development, in which cooperation of private capital with the state is required. The Minister added that the government has provided privileges to some of these programs. Davtyan noted that the programs are implemented in various fields of economy, with the majority of them being financed through internal investments. 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 | Lemkin Institute petition seeks release of Armenians in Azerbaijan The Lemkin Institute is deeply concerned about the continued illegal detention of political prisoners from Karabakh in Azerbaijan. Armenian Catholicos calls for national unity against threats Karekin II issued a message on Republic Day marking the anniversary of the First Armenian Republic. Pashinyan: Armenia’s desired goal is “on the horizon” Prime Minister Nikol Pashinyan has said that Armenia is moving forward “without interruption”. Opposition leader, supporters spend night at Sardarapat memorial Police made nearly 300 arrests the day before as Galstanyan and his supporters continued to demonstrate in Yerevan. |