Friday, January 26 2018 11:42
Naira Badalian

Karen Karapetyan and Arkady Dvorkovich discussed the issues of active involvement of Russian business and capital in FEZ Meghri

Karen Karapetyan and Arkady Dvorkovich discussed the issues of active  involvement of Russian business and capital in FEZ Meghri

ArmInfo. Prime Minister Karen  Karapetyan, who is in Davos, on January 25 held a meeting with  Russian Deputy Prime Minister Arkady Dvorkovich.

"Russian Deputy Prime Minister Arkady Dvorkovich discussed the issues  of active involvement of Russian business and capital in the free  economic zone on the Armenian-Iranian border, as well as related to  the activities of the EAEC," Karen Karapetyan wrote on his Facebook  page.The sides also touched upon the prospects of cooperation in the  field of agriculture, in particular in the livestock sector.

Let us recall that on December 15, the free economic zone of Meghri  was opened with the participation of the Prime Minister of Armenia  Karen Karapetyan and the Iranian Ambassador to Armenia Seyed Kazem  Sajjad. Minister of Economic Development and Investments Suren  Karayan said at the opening ceremony that in the coming years it is  planned to attract 50-70 companies that will invest in the amount of  $ 100-130 million. As a result, 1500 jobs will be created, and the  level of exports of goods and services will reach $ 250 million. 

Companies operating in the free economic zone of Meghri  will be  exempt from profit tax, value added tax and excise tax and customs  duties. They will only pay income tax. In the free economic zone will  be represented by agricultural, processing, trade, transport, travel  companies. The total cost of building FEZ in Meghri is estimated at $  32 million, of which $ 28 million is capital expenditure. The  construction of the FEZ on the border with Iran is one of the  priority investment programs of the Armenian government and provides  for the creation of a free economic zone with an area of 10-15  hectares, with the possibility of further expansion to 45-50 ha. 

 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 EEA, 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 set out in  the Customs Code  of the EAEC.  In total, seven such zones will operate in the system  of the duty-free system.

POST A COMMENT
Input digits     


News
Artyom Ghazaryan was appointed CEO of Artyom Ghazaryan was appointed CEO of "Telcell" company
Politics mixed with economy at Upper Lars checkpoint - Gagik Makaryan  Politics mixed with economy at Upper Lars checkpoint - Gagik Makaryan  
Team Telecom Armenia makes NGN network available in Armenia`s SyunikTeam Telecom Armenia makes NGN network available in Armenia`s Syunik
EDB, UNIDO strengthen cooperation in Central Asia and ArmeniaEDB, UNIDO strengthen cooperation in Central Asia and Armenia
Procedure for submitting documents to sign CMPTL contract in Armenia  to be simplified for fined driversProcedure for submitting documents to sign CMPTL contract in Armenia  to be simplified for fined drivers
Vahan Kerobyan: Fly Arna national air carrier needs additional  fundingVahan Kerobyan: Fly Arna national air carrier needs additional  funding
Granatus Ventures co-founder: In Armenia, in the context of creating  startups, we should follow the path of commercialization of  intellectual property productsGranatus Ventures co-founder: In Armenia, in the context of creating  startups, we should follow the path of commercialization of  intellectual property products
Expert: Young scientists do not see opportunities in Armenia to  realize their potentialExpert: Young scientists do not see opportunities in Armenia to  realize their potential
Ardshinbank was recognized as the Bank of the Year in Armenia for the fourth time by The Banker magazineArdshinbank was recognized as the Bank of the Year in Armenia for the fourth time by The Banker magazine
Second co-project of AraratBank and 4090 Charity Foundation to support education for war participantsSecond co-project of AraratBank and 4090 Charity Foundation to support education for war participants
Burden of social payments: RA Burden of social payments: RA "updated budget" 
Situation at the Upper Lars checkpoint was expected - expert Situation at the Upper Lars checkpoint was expected - expert 
Non-financial reporting: Can it exist in Armenia?Non-financial reporting: Can it exist in Armenia?
Don`t believe headlines that world is facing instability because of  Ukraine, Gaza or China- Nassim TalebDon`t believe headlines that world is facing instability because of  Ukraine, Gaza or China- Nassim Taleb
New program to support processing industry enterprises is launched in  Armenia - Ministry of EconomyNew program to support processing industry enterprises is launched in  Armenia - Ministry of Economy
EBRD, EU and Sweden backing Acba Bank with USD 10 million loan for  Armenian women-led firmsEBRD, EU and Sweden backing Acba Bank with USD 10 million loan for  Armenian women-led firms
Armenia sees opportunities to develop country`s economy in tourism -  KerobyanArmenia sees opportunities to develop country`s economy in tourism -  Kerobyan
Armenia is doing everything possible to keep its companies free from  secondary sanctions - ministerArmenia is doing everything possible to keep its companies free from  secondary sanctions - minister
EIB expresses its readiness to discuss with Armenian side prospects  for cooperation on implementation of new projectsEIB expresses its readiness to discuss with Armenian side prospects  for cooperation on implementation of new projects
Civil Aviation Committee has no data on possible withdrawal of Air  Arabia from Armenia`s marketCivil Aviation Committee has no data on possible withdrawal of Air  Arabia from Armenia`s market
Mher Grigoryan appointed member of ERC Board of ManagersMher Grigoryan appointed member of ERC Board of Managers
Road to Upper Lars checkpoint is open for all types of vehiclesRoad to Upper Lars checkpoint is open for all types of vehicles
RA premier receives Amazon Web Services public policy regional  director RA premier receives Amazon Web Services public policy regional  director 
EAEU membership does not hinder Armenia`s exports EU - KerobyanEAEU membership does not hinder Armenia`s exports EU - Kerobyan
Armenia`s Economy Ministry convenes urgent discussion within EAEU on  situation at Upper Lars Armenia`s Economy Ministry convenes urgent discussion within EAEU on  situation at Upper Lars 
Ameriabank to sponsor 100MW of Ameriabank to sponsor 100MW of "green energy" to Armenia`s energy  sector next year
Armenian authorities` ignoring Russia`s key role in country`s  economic development in conflict with its national interests -  opposition MPArmenian authorities` ignoring Russia`s key role in country`s  economic development in conflict with its national interests -  opposition MP
Converse Bank acts as underwriter for corporate AMD coupon bonds of  Euroterm companyConverse Bank acts as underwriter for corporate AMD coupon bonds of  Euroterm company
Minister: by 2040, volume of electricity production from solar  generation facilities to be increased by another 1,500 MWMinister: by 2040, volume of electricity production from solar  generation facilities to be increased by another 1,500 MW
There has been significant increase in investments in renewable  energy in ArmeniaThere has been significant increase in investments in renewable  energy in Armenia
Forced migrants from Artsakh, can benefit from state program  supporting housing construction in border villages of Armenia, after  acquiring RA citizenshipForced migrants from Artsakh, can benefit from state program  supporting housing construction in border villages of Armenia, after  acquiring RA citizenship
For the first time, non-cash bankcard transactions exceed `cash` onesFor the first time, non-cash bankcard transactions exceed `cash` ones
Electric energy market liberalization to form efficient system -  Vahagn Khachaturyan Electric energy market liberalization to form efficient system -  Vahagn Khachaturyan 
Armenia, ADB sign two loan agreements worth over EUR 126mln Armenia, ADB sign two loan agreements worth over EUR 126mln 
Along with transition to non-cash payments in Armenia, POS-terminals  network in retail locations is actively expandingAlong with transition to non-cash payments in Armenia, POS-terminals  network in retail locations is actively expanding
EBRD, HSBC Armenia sign RSF framework agreement to facilitate  Armenian firms` access to finance EBRD, HSBC Armenia sign RSF framework agreement to facilitate  Armenian firms` access to finance 
Team begins cooperation with Loft to promote activation and  dissemination of projects for young peopleTeam begins cooperation with Loft to promote activation and  dissemination of projects for young people
ADB stands ready to expand joint programs with Armenia - Masatsugu  AsakawaADB stands ready to expand joint programs with Armenia - Masatsugu  Asakawa
Industrial products price index in Armenia in Jan-Oct 2023 decreased to 101.6% from 103.4%  Industrial products price index in Armenia in Jan-Oct 2023 decreased to 101.6% from 103.4%  
Russia-Ukraine conflict factor of Armenia economic growth - official Russia-Ukraine conflict factor of Armenia economic growth - official 
Armenia among top five exporters of whiskey to Russia Armenia among top five exporters of whiskey to Russia 
Deputy Prime Minister of Armenia gets acquainted with Russian-made  electric vehiclesDeputy Prime Minister of Armenia gets acquainted with Russian-made  electric vehicles
Expert: Most acceptable option for construction of new nuclear power  unit for Armenia is Russian-deigned projectsExpert: Most acceptable option for construction of new nuclear power  unit for Armenia is Russian-deigned projects
The European Bank for Reconstruction and Development and the European Union provided Ardshinbank with a loan for the development of MSMEs.The European Bank for Reconstruction and Development and the European Union provided Ardshinbank with a loan for the development of MSMEs.
Black Friday: FLYONE ARMENIA airline announces 50% discount on air  ticketsBlack Friday: FLYONE ARMENIA airline announces 50% discount on air  tickets
Armenia, Iraq are working on launching direct flights and simplify  visa regimeArmenia, Iraq are working on launching direct flights and simplify  visa regime
In Oct 2023, number of income-generating jobs increased by  approximately 5% compared to Oct 2022In Oct 2023, number of income-generating jobs increased by  approximately 5% compared to Oct 2022
Armenia, Switzerland discuss tourism, agriculture and vocational  education cooperation issues Armenia, Switzerland discuss tourism, agriculture and vocational  education cooperation issues 
ArmInfo FinRating: Armenian banks are trying to return to stable  profit growth through lendingArmInfo FinRating: Armenian banks are trying to return to stable  profit growth through lending
Russian businesswoman Svetlana Ershova becomes owner of 47.6% of  shares of ZCMC, Armenia`s largest copper-molybdenum combineRussian businesswoman Svetlana Ershova becomes owner of 47.6% of  shares of ZCMC, Armenia`s largest copper-molybdenum combine
Ardshinbank and Dalan Technopark have signed a cooperation agreement.   Ardshinbank and Dalan Technopark have signed a cooperation agreement.  
Armenia amending loan agreement Yerevan Metro Rehabilitation Project  Phase II signed with EIBArmenia amending loan agreement Yerevan Metro Rehabilitation Project  Phase II signed with EIB
Car importers holding protest against tax amendments Car importers holding protest against tax amendments 
Armenia to take out EUR 25mln from EIB for energy saving in public  buildings Armenia to take out EUR 25mln from EIB for energy saving in public  buildings 
Armenia`s premier announces new record number of jobs  Armenia`s premier announces new record number of jobs  
Assistance programme for 100,00 forcibly displaced Nagorno-Kabarakh  Armenians completedAssistance programme for 100,00 forcibly displaced Nagorno-Kabarakh  Armenians completed
Armenia invites Indian companies to its energy infrastructure  modernization projects  Armenia invites Indian companies to its energy infrastructure  modernization projects  
Preparations for EBRD conference discussed in Armenia  Preparations for EBRD conference discussed in Armenia  
Minister of Economy promises: tax deduction mechanism for mortgage  loans to be replaced by other toolsMinister of Economy promises: tax deduction mechanism for mortgage  loans to be replaced by other tools
Germany to allocate EUR 84.6 million grant and loan to Armenia for  development of priority areasGermany to allocate EUR 84.6 million grant and loan to Armenia for  development of priority areas
Read more


Exchange rates
04.12.2023
RUB4.44-0.03
USD403.050.17
EUR438.03-0.67
GBP510.500.98
CAD297.56-0.25
JPY27.500.27
CNY56.470.05
CHF461.580.94