Wednesday, October 11 2017 17:34
Alexandr Avanesov

Karen Karapetyan: Armenia attaches importance to the investment program implemented by Lidian International for the development of the gold mine Amulsar

Karen Karapetyan: Armenia attaches importance to the investment program implemented by Lidian International for the development of the gold mine Amulsar

ArmInfo. Armenia attaches importance to the investment program implemented by Lidian International to develop the Amulsar gold deposit. This was announced by Prime Minister Karen Karapetyan on October 11 during a meeting with the delegation of Lidian International headed by President and CEO Howard Stevenson.

According to the press service of the executive body, Armenian Prime Minister stressed that the government of the republic will be a

partner and will be close to all those initiatives that are aimed at developing the economy and increasing employment. He also stressed the importance of the company's fulfillment of its environmental and social obligations.

Karen Karepetian presented present state of the country's economy and prospects to those present, adding that fixed economic trends can become a good base for ensuring the long-term and sustainable development of the republic. At the same time, the prime minister urged investors to view Armenia as a platform for entering the markets of the countries of the Eurasian Economic Union and Iran, especially taking into account the existing favorable trade preferences.

In his turn, Howard Stevenson noted that, as an example of "Lydian International", to international investors Armenia is presented as a good platform for investment. He also assured that, according to the established schedule, all obligations - both social and environmental - would be implemented. He added that the benefits of the program would benefit both local communities and the state.

To note, Lydian Armenia is a subsidiary of the British Lydian International, whose shareholders are large international institutional investors from the United States, Great Britain, a number of European countries, including IFC and EBRD.


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