Economy Minister says Armenian diamond industry revivingNovember 16, 2011 - 13:02 AMT PanARMENIAN.Net - Armenia possesses significant potential for the development of diamond processing industry, RA Minister of Economy stated. As Tigran Davtyan said during his November 16 visit to diamond processing companies in Kotayk region, diamond export reached USD 300 mln in 2000 to total about 40% of Armenia’s export volume. He noted that the sector successfully copes with crisis to reach pre-crisis volume by yearend and even to increase export figures. Minister Davtyan also briefed on the steps taken by the government during the current year towards creating favorable environment for raw materials supply. During their recent visit to Armenia, members of Russian Alrosa Company delegation familiarized themselves with possibilities of Armenian enterprises to increase supply of raw materials and expand the list of companies. According to Economy Minister, the volume of raw material supply reached USD 40 mln and is expected to rise to USD 50mln in 2012. Currently Armenia is negotiating with other leading companies regarding diversification of raw materials supply “to help our companies more effectively organize their production,” he said. 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 | Armenia, Turkey discuss restoration of historic bridge The meeting took place on May 17 in Ashgabat on the sidelines of an international conference of ministers of culture. EU welcomes Armenia-Azerbaijan “progress” The EU has welcomed “progress” made in the framework of the Armenia-Azerbaijan border delimitation process. Belarus opposition leader slams Lukashenko for Karabakh trip Belarusian opposition politician Sviatlana Tsikhanouskaya has harshly criticized the visit of Lukashenko to Karabakh. Mkhitaryan raises arrest of former Karabakh leaders in Azerbaijan Inter Milan star Henrikh Mkhitaryan has shared a news story about the extension of the arrest of former Karabakh leaders. |