Suren Karayan, Minister of Economic Development and Investments, said the Lydian Armenia CJSC has carried out geologicalexploratory works in Syunik and Vanadzor provinces as a result of which they found gold quartzite deposits.
“Today we are going to present Spayka company’s investment programs of 2017 to Armenia’s President Serzh Sargsyan. We plan to carry out several big projects that will create more than 300 jobs, and more than 70 million USD investments will be made in Armenia,” he said.
Barrel is the unit of measurement of oil volume. One barrel equals to 159.98 liter. New York’s NYMEХ (New York Merchantile Exchange) is a US futures market founded in 1882.
Based on data issued by the Central Bank of Armenia, volume of loans allotted to residents by Armenia’s trade banks (or loan portfolio) comprised AMD 2 trillion 52.9 billion in late February 2017.
“After establishment of EAEU it was generally stated that numerous countries attempt to cooperate, sign a free trade agreement with that union, however, until now only 1 country has signed it—Vietnam, which signed it with exceptions. Names of more than 40 countries have been given, neither of which has signed it.”
Economic year of 2016 wasn’t successful—weak economic activity was recorded—0.5%, and instead of anticipated 2.2% real GDP growth it comprised only 0.2%.
While summing up economic year in January and introducing anticipations for the upcoming year Azerbaijani president stated that “The biggest blow to the national economy was recorded from the side of the banking system.”
“Investors’ Club of Armenia”, created by the initiative of Prime Minister Karen Karapetyan and President of “Tashir” group of companies, famous businessmen Samvel Karapetyan, plans to make 300 million USD investment programs in Armenia in 2017, Ashot Manukyan – Minister of Energy Infrastructures and Natural Resources, said at the Government session.
As result, around 18 tons of agricultural products, mainly tomatoes, were discovered. The smugglers attempted to transport the products in hidden storages of vehicles. All attempts were prevented, the SRC told.
During the reporting period, the balance of loan and grant resources from external sources was added by 1,6 billion drams – instead of using the planned 4,6 billion drams under the first quarter. Armenia’s net external financial assets comprised -10,9 billion drams in January-February (104,8% of the quarterly program) in comparison to the planned 10,4 billion.
