Production of multifunctional trucks to launch in ArmeniaOctober 12, 2017 - 15:46 AMT PanARMENIAN.Net - AA Trucks will start production of multifunctional trucks with innovative technology with a $40 million investment in Armenia. By a government decision, AA Trucks was granted permission to operate at the Alliance free economic zone in the country. According to the project, exports will amount to $25 million dollars in the fifth year of production. The trucks are set to be shipped to the member-states of the Eurasian Economic Union, Iran, Georgia, the United States, as well as the Middle Eastern and Central Asian countries. Also, the new plant will provide 40 jobs in the first two years, and more than 1000 jobs as a result of growth in production volumes. 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 | Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. |