Rio Olympic organizers expect $750 mln. revenue for local businessFebruary 15, 2012 - 17:32 AMT PanARMENIAN.Net - Rio Olympic organizers expect the 2016 Games to generate $750 million in revenue for local businesses. The organizing committee launched the games' licensing program on Tuesday, Feb 14 saying at least 150 companies have shown interest in becoming licensees for official products of the Olympics. Organizers say the aim is for 60 licensed companies, producing 12,000 products and opening 6,000 stores. About 150 official shops will be opened between 2014 and 2016. Eighty percent of those will be in Rio, including a megastore on the sands of Copacabana beach. The first official Rio 2016 products will be sold during the 2012 Olympics in London, The Associated Press reported. Top stories Armenian gymnast, Olympic bronze medalist Artur Davtyan has reached the finals of the World Cup. Gor Manvelyan has denied reports alleging that he has expressed a desire to one day play for the French national team. Roma midfielder Henrikh Mkhitaryan is not considering FC Spartak Moscow as his next haven, according to fresh reports. 10 Armenian lifters will compete in the 2021 World Championships scheduled to be held from 7 to 17 December in Tashkent. Partner news | Armenia Security Council chief traveling to Qatar Secretary of the Security Council of Armenia Armen Grigoryan will travel on a working visit to Qatar. Armenian Foreign Minister regrets “tragic loss” of Iranian counterpart The Armenian Foreign Ministry has expressed shock over the death of the Iranian President and the Minister of Foreign Affairs. Armenian PM sends condolences to Iran Prime Minister Nikol Pashinyan sent a message of condolence to the Supreme Leader Seyyed Ali Khamenei. 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. |