IKEA poised to build $50 mln furniture plant in RussiaFebruary 15, 2012 - 20:12 AMT PanARMENIAN.Net - Swedish home furnishing giant IKEA may build a furniture plant in the Nizhny Novgorod region near the Volga for 1.5 billion rubles ($50 million), regional deputy governor Dmitry Svatkovsky said on Wednesday, February 15, RIA Novosti reported. "Construction of the furniture-making plant by IKEA in ... the Nizhny Novgorod region is one of the interesting projects expected in 2012," Svatkovsky told reporters, adding that the plant would also process timber for furniture components. The regional government undertakes to build all necessary infrastructure, including transport, for the plant. Last year IKEA decided to build a chair-making plant in the Kirov region near Volga for more than 1 billion rubles ($33.4 million). IKEA's overall investment in Russia, where it has 28 outlets, amounts to nearly 100 billion rubles ($3.3 billion). Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | Pashinyan’s spokesperson denies intention to visit Baku for COP29 Pashinyan’s agenda doesn’t include a trip to Baku for the COP29 conference, his press secretary Nazeli Baghdasaryan has said. Lithuania sending €100,000 to help Armenia fight floods consequences Armenian Prime Minister Nikol Pashinyan took to social media to thank his Lithuanian counterpart for the contribution. Armenia: Rescue workers restore pedestrian bridge for flood-hit community Rescue workers on Wednesday, June 5 restored a pedestrian bridge in the town of Alaverdi in Armenia’s north. Turkey condemns Uruguay’s recognition of Armenian Genocide Turkey has condemned a newly passed law in Uruguay that recognizes the Armenian Genocide, TRT reports. |