Armenia plans to up engineering production volume to $80 mln by 2015December 4, 2011 - 15:37 AMT PanARMENIAN.Net - The development of engineering in the framework of export-oriented industrial strategy will allow for USD 65-80 mln worth production volume by 2015, 40-45% export upsurge, increase of jobs to 5600, as well as creation of relevant infrastructures complete with modern laboratories, according to the head of the standing committee on Financial-Credit and Budgetary Affairs of the National Assembly. As of 2010, annual production volume in the sector of engineering totaled USD 35 mln, with USD 17 mln export volume and 4000 jobs. At Republican Party of Armenia (RPA)-organized seminar on export-oriented industrial development strategy, Gagik Minasyan pointed out Mars factory operations in free economic zone and Engineering University’s reforming into an international scientific center as prospective directions. As Enterprise Incubator Foundation director Bagrat Yengibaryan told journalists, at present, the IT sector provides 100% income in engineering through production of precision instruments for the spheres of telecom, education and aeronautics for export. On December 4, TUMO center for creative technologies is hosting a seminar on export-oriented industrial development strategy, with representatives of government structures, entrepreneurs and politicians attending. 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 | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |