The company will also pay approximately US$ 1m a year to local government budget in the form of land payments. However, the impact of the project on the economy will be significant also in terms of employment in the region, and the multiplier effect an operation like Amulsar will have on local businesses.
Since Armenia’s decision, just over a year ago, not to proceed with its Association Agreement including a Deep and Comprehensive Free Trade Agreement (DCFTA) with the EU, but to join the Russian-led Customs Union instead, highlighting relations with NATO has become more important as Yerevan does not want to seen a fully under the control of Russian President, Vladimir Putin.
