Tuesday, October 24 2017 19:19
Naira Badalian

Dmitry Medvedev confirmed the willingness of the Russian government to cooperate in the framework of the Meghri Free Economic Zone

Dmitry Medvedev confirmed the willingness of the Russian government  to cooperate in the framework of the Meghri Free Economic Zone

ArmInfo. The free economic zone  "Meghri" on the border with Iran is a good platform for Russian  capital and Russian business interested in the Iranian market. The  Prime Minister of Armenia Karen Karapetyan at a joint briefing stated  this with his Russian counterpart Dmitry Medvedev on October 24 in  Yerevan. According to the Armenian Prime Minister, Armenia is open  not only in terms of placing Russian capital on the territory of the  FEZ, but joint investment cooperation.

"I think that in the near future, those negotiations that are going  on quite intensively will already have a final, ready for its  application," said Dmitry Medvedev, in turn, confirmed his  willingness to cooperate in the Meghri FEZ. "We have a good  relationship with Iran, whether someone likes it or not. Therefore,  if our friends and partners in the EAEU create such a zone with Iran,  we are ready to participate in its development, including by inviting  Russian business there," Medvedev said. As the head of the RF Cabinet  of Ministers noted, Armenian colleagues suggested other forms of  co-investment. "We will consider how to close this up, maybe with the  use of Russian development institutions such as the Direct Investment  Fund, Vnesheconombank and RosexportCenter. The main thing is that it  should bear fruit," he concluded, in general, as Karen Karapetyan  noted, the allied relations between Armenia and Russia are  dynamically growing from year to year." We are satisfied with the  work done - the negotiations were as always very constructive, rich  and friendly According to the Prime Minister, during the meeting with  Dmitry Medvedev in a tete-a-tete format, the possibilities of  implementing investment and other projects aimed at deepening  cooperation were discussed. "The signed documents will unequivocally  help to further development and strengthening of bilateral  cooperation, "the head of the Armenian government emphasized.

Within the framework of the official visit of the Chairman of the  Government of the Russian Federation Dmitry Medvedev to the Republic  of Armenia, a number of documents have been signed today in the  Government of Armenia concerning cooperation in the areas of  communications and communications, emergencies, and between the  regions of the two countries: the Agreement between the Government of  the Republic of Armenia and the Government of the Russian Federation  on international road transport, Memorandum between the Ministry of  Transport, Communications and Information Technologies of the  Republic of Armenia and the Ministry of Agriculture the Ministry of  Emergency Situations of the Republic of Armenia and the Federal  Service for Ecological, Technological and Nuclear Supervision  (Russian Federation) signed an Agreement on Cooperation in the Field  of Communications and Mass Communications of the Russian Federation  on the reduction of tariffs for international telecommunication  services in international roaming between Armenia and the Russian  Federation in the field of industrial safety regulation, as well as a  protocol of intent between the Administration of Gegharkunik Marz of  the Republic of Armenia and the Saratov Region Government of the  Russian Federation signed by the Governor of Gegharkunik Karen  Botoyan and Governor of the Saratov region Valeriy Radaev.

According to the data of the Ministry of Economic Development and  Investments, the Free Economic Zone "Meghri" on the border with Iran  will be launched at the end of November 2017. "Work on the  construction of FEZ "Meghri" has already started, at the end of  November we will try to launch it," said the head of the department  Suren Karayan. The total cost of building FEZ in Meghri is estimated  at $ 32 million, of which $ 28 million is capital expenditure.  According to the Ministry of Economy, operation of the FEZ will  create 2,500 jobs and increase exports from Armenia by 30%. The main  goal of the FEZ is the development of trade and economic relations  with Iran and other countries of the region, the development of the  Syunik region, as well as the positioning of Armenia as a link  linking Iran with the EAEU countries and Georgia. It is assumed that  100-120 companies will operate there, whose revenues will reach $ 52  million over 10 years. The products are planned to be exported to  Iran, the countries of the EAEU, the Middle East, Turkmenistan and  others. The total investment of all companies for 10 years is planned  to increase to $ 350-400 million. The functioning of the FEZ has  already been legislated in the Customs Code of the EAEU. In total,  seven such zones will operate in the system of the duty-free system. 


News
Proceeds of Armenia`s trade sector $5.2bln in Jan-Oct 2021Proceeds of Armenia`s trade sector $5.2bln in Jan-Oct 2021
4.1% increase in proceeds of Armenia`s communication sector in  Jan-Oct 2021 4.1% increase in proceeds of Armenia`s communication sector in  Jan-Oct 2021 
Double-digit growth in alcoholic beverages output in ArmeniaDouble-digit growth in alcoholic beverages output in Armenia
Revenues of Armenia`s textile industry more than doubled in 10 monthsRevenues of Armenia`s textile industry more than doubled in 10 months
Electricity generation in Armenia decreased by 3.1% in 10 monthsElectricity generation in Armenia decreased by 3.1% in 10 months
Armenia`s metallurgy industry accelerates growthArmenia`s metallurgy industry accelerates growth
HSBC Armenia Named Best Cash Management Bank by 2021 Euromoney Cash Management SurveyHSBC Armenia Named Best Cash Management Bank by 2021 Euromoney Cash Management Survey
Production volumes of aluminum foil in Armenia decreased by 5% per  annum in 10 monthsProduction volumes of aluminum foil in Armenia decreased by 5% per  annum in 10 months
Informed means protected: IDBankInformed means protected: IDBank
Industrial production growth accelerated due to revitalization of  manufacturing industryIndustrial production growth accelerated due to revitalization of  manufacturing industry
Armenia is negotiating for export of Armenia is negotiating for export of "Sputnik Light" vaccine to  countries of Middle East and Africa
Russia and China are Armenia`s leading trade partners in both export  and importRussia and China are Armenia`s leading trade partners in both export  and import
Growth of Armenia`s foreign trade turnover significantly exceeds  pre-COVID ratesGrowth of Armenia`s foreign trade turnover significantly exceeds  pre-COVID rates
Regular container trains start to run from China to GeorgiaRegular container trains start to run from China to Georgia
MP: Armenian authorities directed expensive borrowed funds to curb  devaluation of dram MP: Armenian authorities directed expensive borrowed funds to curb  devaluation of dram 
Opposition MP: The optimism underlying the draft state budget of  Armenia for 2022 is a purely political trickOpposition MP: The optimism underlying the draft state budget of  Armenia for 2022 is a purely political trick
Armenia`s economic activity recovers very slowlyArmenia`s economic activity recovers very slowly
Artur Khachatryan: Armenia faces an infrastructure trapArtur Khachatryan: Armenia faces an infrastructure trap
9.6% annual inflation in Armenia in Nov. 20219.6% annual inflation in Armenia in Nov. 2021
Belarus is interested in strengthening cooperation with Armenia in  field of high technologiesBelarus is interested in strengthening cooperation with Armenia in  field of high technologies
GITC, IBM to implement artificial intelligence education programme GITC, IBM to implement artificial intelligence education programme 
Japanese government to provide grants for implementation of 2  programs in Armavir and Lori regions  Japanese government to provide grants for implementation of 2  programs in Armavir and Lori regions  
Armenia`s developers to submit documents online soonArmenia`s developers to submit documents online soon
Armenia`s vice-premier calls for larger share of national currencies  in EAEU tradeArmenia`s vice-premier calls for larger share of national currencies  in EAEU trade
EDB to intensify work in ArmeniaEDB to intensify work in Armenia
Ardshinbank named the Best Bank of the Year by The Banker international magazineArdshinbank named the Best Bank of the Year by The Banker international magazine
EDB analysts have no assessment of economic benefits that Armenia  will receive from unblocking of regional transport corridorsEDB analysts have no assessment of economic benefits that Armenia  will receive from unblocking of regional transport corridors
Greenhouse for growing roses to be built in Aragatsotn region of  ArmeniaGreenhouse for growing roses to be built in Aragatsotn region of  Armenia
Gnel Sanosyan: Unfortunately, there have been cases of revealing  design and construction flaws during implementation of subvention  programsGnel Sanosyan: Unfortunately, there have been cases of revealing  design and construction flaws during implementation of subvention  programs
Armenian entrepreneurs appealed to PM to extend embargo on import of  Turkish goods Armenian entrepreneurs appealed to PM to extend embargo on import of  Turkish goods 
EDB Analyst: Armenia`s public debt level will remain above  pre-pandemic level until 2026EDB Analyst: Armenia`s public debt level will remain above  pre-pandemic level until 2026
EDB ready to provide loan for construction of Meridian highway of  Europe-Western China transport corridorEDB ready to provide loan for construction of Meridian highway of  Europe-Western China transport corridor
IFC ready to participate in reforms in Armenia IFC ready to participate in reforms in Armenia 
42% year-on-year growth in net private money transfers to Armenia in  Jan-Oct 202142% year-on-year growth in net private money transfers to Armenia in  Jan-Oct 2021
Armenia Securities Exchange  introduced corporate bond exchange  indices for the first time in regionArmenia Securities Exchange  introduced corporate bond exchange  indices for the first time in region
6.3% rise in real estate prices in Armenia`s capital this Oct6.3% rise in real estate prices in Armenia`s capital this Oct
Central Bank of Armenia joins Sustainable Banking and Financial  NetworkCentral Bank of Armenia joins Sustainable Banking and Financial  Network
EDB formulates idea of  Eurasian transport frameworkEDB formulates idea of  Eurasian transport framework
Tigran Balayan presented Armenia`s investment opportunities to  representatives of Dutch business sectorTigran Balayan presented Armenia`s investment opportunities to  representatives of Dutch business sector
Global businesses set to battle for talent as hiring plans fuel growth ambitionsGlobal businesses set to battle for talent as hiring plans fuel growth ambitions
Armenia`s gross international reserves increased by 38.2% per annum  by November 2021Armenia`s gross international reserves increased by 38.2% per annum  by November 2021
Vahan Kerobyan will take part in Second Eurasian Congress in MoscowVahan Kerobyan will take part in Second Eurasian Congress in Moscow
Statistics: Armenia`s GDP increased by 11.1% per annum in 9 months of  2021Statistics: Armenia`s GDP increased by 11.1% per annum in 9 months of  2021
New power plant of 254 MWe launched in YerevanNew power plant of 254 MWe launched in Yerevan
As of November 20, 2021, tax collection in Armenia exceeded  pre-crisis index of 2019 by 4.5%As of November 20, 2021, tax collection in Armenia exceeded  pre-crisis index of 2019 by 4.5%
Association of Restaurateurs reacted negatively to new decision of RA  Health Ministry Association of Restaurateurs reacted negatively to new decision of RA  Health Ministry 
ANIF, Masdar company discuss Ayg-1 project ANIF, Masdar company discuss Ayg-1 project 
Unpredictable pandemic situation, steadily high inflation remain major risks to scenario of Armenia`s  economic development - EDBUnpredictable pandemic situation, steadily high inflation remain major risks to scenario of Armenia`s  economic development - EDB
US$30m OPEC Fund loan to Ameriabank to promote sustainable energy and support small businesses in ArmeniaUS$30m OPEC Fund loan to Ameriabank to promote sustainable energy and support small businesses in Armenia
One Success Story: Trimming the SpiritsOne Success Story: Trimming the Spirits
EDB projects 2.9% growth in aggregate GDP of Bank`s member states in  2022EDB projects 2.9% growth in aggregate GDP of Bank`s member states in  2022
Representatives of Trade Mission of RF and EFSD discuss financing of  investment projects in Armenia and support for Russian exportersRepresentatives of Trade Mission of RF and EFSD discuss financing of  investment projects in Armenia and support for Russian exporters
4.3% year-on-year increase in economic activity in Armenia in  Jan-Oct, 20214.3% year-on-year increase in economic activity in Armenia in  Jan-Oct, 2021
New operator of Meghri FEZ plans to build a food packaging plantNew operator of Meghri FEZ plans to build a food packaging plant
Government subsidies to Syunik region reached 1.1 billion drams Government subsidies to Syunik region reached 1.1 billion drams 
Armenian authorities consider building three more bypass roads in  Syunik regionArmenian authorities consider building three more bypass roads in  Syunik region
Armenian government approves signing of Agreement on navigation seals  in EAEUArmenian government approves signing of Agreement on navigation seals  in EAEU
Contract for Kaps reservoir construction put out to tenderContract for Kaps reservoir construction put out to tender
VPOS number steadily increasing in Armenia  VPOS number steadily increasing in Armenia  
Non-cash plastic transactions continue to gain momentum; 30%  threshold in total volume has already been passedNon-cash plastic transactions continue to gain momentum; 30%  threshold in total volume has already been passed
Read more


Exchange rates
07.12.2021
RUB6.62-0.04
USD492.411.38
EUR555.140.37
GBP652.791.73
CAD387.574.04
JPY43.32-0.05
CNY77.260.18
CHF533.200.80