Thursday, March 1 2018 16:39
Naira Badalian

The creation of "Engineering City" in Yerevan will cost $ 21.2 million

The creation of "Engineering City" in Yerevan will cost $ 21.2  million

ArmInfo. The Armenian government at  the meeting on March 1 approved the concept of creating an  "Engineering City" and a schedule of activities stemming from the  document.

Minister of Economic Development and Investments Suren Karayan stated  that the goal of the program is to turn Armenia into a country that  exports engineering and high-tech products and services to the global  market, as well as to the regional hub of innovative solutions.

To create the "Engineering City" selected area of 3 hectares on the  street. Bagrewand. The program is planned to be implemented on the  basis of public-private partnership. The planned investment volume  will be $ 21.2 million, of which $ 10.5 million will be co-financed  by the state under the World Bank's credit program "Trade and Quality  Infrastructure Promotion." The rest is invested by National  Instruments AM and a consortium comprising 14 joint-stock companies  The program is expected to become self-sufficient for the fourth year  of its operations.

Within the framework of the project it is planned to train and  retrain 1500 specialists in the field of engineering and high  technologies. 2000 new workers will be created and 20 new enterprises  in the field are founded. It is also expected to increase the  efficiency of companies by 40%, export volumes have increased by 30%.

As noted in the draft decision, the implementation of this IT project  will contribute to the further development of technology and high  technologies in Armenia, which in turn will increase the  competitiveness and productivity of the Armenian economy.

POST A COMMENT
Input digits     


News
David Ananyan instructed to ensure high quality and continuity of  construction work for the timely delivery of vehicles customs  clearance center in GyumriDavid Ananyan instructed to ensure high quality and continuity of  construction work for the timely delivery of vehicles customs  clearance center in Gyumri
Applications for WCIT 2019 Lightning Rounds will be accepted until  the September 1Applications for WCIT 2019 Lightning Rounds will be accepted until  the September 1
Pashinyan: Armenian authorities attach importance to the inclusion of  leading airlines in the Armenian aviation market Pashinyan: Armenian authorities attach importance to the inclusion of  leading airlines in the Armenian aviation market 
YEDI: Armenia has great unrealized potentialYEDI: Armenia has great unrealized potential
Europe`s largest low-cost airline considers entering Armenia`s  aviation marketEurope`s largest low-cost airline considers entering Armenia`s  aviation market
Armenia`s GDP grew in the first half of 2019 to $ 5.6 billion from $  5.1 billion a year earlierArmenia`s GDP grew in the first half of 2019 to $ 5.6 billion from $  5.1 billion a year earlier
A court in Moscow refused to return to Rosgosstrakh its former  Armenian A court in Moscow refused to return to Rosgosstrakh its former  Armenian "daughter"
ACBA Leasing and GEFF hold a joint event to stimulate the development  of renewable energy in ArmeniaACBA Leasing and GEFF hold a joint event to stimulate the development  of renewable energy in Armenia
RA Ministry of Economy discusses RA Ministry of Economy discusses "Strategy for Sustainable  Development of Armenia`s Agriculture"
Avinyan: GDP growth of Armenia in H1 of 2019 increased by 6.8% per  annum  Avinyan: GDP growth of Armenia in H1 of 2019 increased by 6.8% per  annum  
IMF Director of Middle East and Central Asia Department: IMF ready to  assist Armenia in implementing reformsIMF Director of Middle East and Central Asia Department: IMF ready to  assist Armenia in implementing reforms
The concept of cross-border information interaction of the EAEU was  approvedThe concept of cross-border information interaction of the EAEU was  approved
Chairman of Central Bank of Armenia receives IMF delegationChairman of Central Bank of Armenia receives IMF delegation
Pashinyan: Large taxpayers increased payments to the budget - some as  much as 122%Pashinyan: Large taxpayers increased payments to the budget - some as  much as 122%
Armenia joins Georgia`s top five exporting countriesArmenia joins Georgia`s top five exporting countries
Susanna Safaryan: Kotayk region has the potential to restore its  status of a health tourism centerSusanna Safaryan: Kotayk region has the potential to restore its  status of a health tourism center
Deputy Minister of Economy named the strengths of Kotayk regionDeputy Minister of Economy named the strengths of Kotayk region
Expert: Kotayk region should become the industrial center of ArmeniaExpert: Kotayk region should become the industrial center of Armenia
Armenia for the second summer in a row takes first place among  Russians` popular foreign destinations Armenia for the second summer in a row takes first place among  Russians` popular foreign destinations 
Glazyev will become Minister for Integration and Macroeconomics of  the Eurasian UnionGlazyev will become Minister for Integration and Macroeconomics of  the Eurasian Union
"My step for Kotayk region" business forum kicked off in Tsaghkadzor
Nikol Pashinyan: Rationality is the only direction for increasing the  competitiveness of the country`s economyNikol Pashinyan: Rationality is the only direction for increasing the  competitiveness of the country`s economy
Governor: 10 business programs are successfully implemented in the  Kotayk region of Armenia; another 25 new projects are underwayGovernor: 10 business programs are successfully implemented in the  Kotayk region of Armenia; another 25 new projects are underway
"Veolia Jur" appealed to PSRC to review the current water tariff:  What does the new elaboration promise the consumer?
The concept of creating an integrated cadastral system is being  implemented in Armenia.The concept of creating an integrated cadastral system is being  implemented in Armenia.
Tian Erlong: Armenian honey will be in demand in the Chinese marketTian Erlong: Armenian honey will be in demand in the Chinese market
"Orion Group" CJSC will invest $ 200 thousand in "Ecos" free economic  zone in Armenia
Ardshinbank Offers New Refinancing TermsArdshinbank Offers New Refinancing Terms
In H1 of 2019, the Armenian Stock Exchange registered an increase in  almost all indicatorsIn H1 of 2019, the Armenian Stock Exchange registered an increase in  almost all indicators
The terms of“ Converse 25 ” deposit have become more attractiveThe terms of“ Converse 25 ” deposit have become more attractive


Exchange rates
21.08.2019
RUB7.200.07
USD475.940.04
EUR528.100.71
GBP576.981.43
CAD357.800.68
JPY44.71-0.05
CNY67.570.02
CHF485.65-0.51


Experts
Artur Atoyan: Problems of fish farmers are solved by the communist  method, that is, they are not solved at allArtur Atoyan: Problems of fish farmers are solved by the communist  method, that is, they are not solved at all
HSBC Bank Armenia digitalizes cooperation with retail clients HSBC Bank Armenia digitalizes cooperation with retail clients 
AmRating agency in cooperation with European Rating-Agentur Expert RA  GmbH has issued regular research on Armenia`s banking systemAmRating agency in cooperation with European Rating-Agentur Expert RA  GmbH has issued regular research on Armenia`s banking system
Yulia Ustyugova: Armenia can get access to IMF “insurance line”Yulia Ustyugova: Armenia can get access to IMF “insurance line”
Armand Arton: The question whether citizenship should be granted in  return for investments is rather rhetoricalArmand Arton: The question whether citizenship should be granted in  return for investments is rather rhetorical
Former head of the Ministry of Finance: <Confrontation> with Lydian may cost much to ArmeniaFormer head of the Ministry of Finance: with Lydian may cost much to Armenia
Vardan Aramyan: It will be unreasonable if the government goes to revise the allowable national debt ceiling in GDPVardan Aramyan: It will be unreasonable if the government goes to revise the allowable national debt ceiling in GDP
HSBC Bank Armenia increases efficiency and focuses on digital servicesHSBC Bank Armenia increases efficiency and focuses on digital services
Bulgarian Minister: The level of Armenian-Bulgarian economic  cooperation is still unsatisfactoryBulgarian Minister: The level of Armenian-Bulgarian economic  cooperation is still unsatisfactory
Expert: Recruitment market in Armenia from the point of view of  supply and demand is sleepingExpert: Recruitment market in Armenia from the point of view of  supply and demand is sleeping
Expert: Despite the adequacy of Armenian banks` capitals, the  opportunities for its optimal use are severely limitedExpert: Despite the adequacy of Armenian banks` capitals, the  opportunities for its optimal use are severely limited
Association of Organic Agriculture is being created in ArmeniaAssociation of Organic Agriculture is being created in Armenia
Pailak Tadevosyan: Governments change in Armenia, but taxation  approaches do not changePailak Tadevosyan: Governments change in Armenia, but taxation  approaches do not change
Rouben Indjikian: Everyone should follow the established unified and fair rules of the gameRouben Indjikian: Everyone should follow the established unified and fair rules of the game
Mher Arakelyan:  Armenia`s payment business has great prospectsMher Arakelyan:  Armenia`s payment business has great prospects
Rating-Agentur Expert RA GmbH and AmRating issued an industry report  on Armenia`s banking systemRating-Agentur Expert RA GmbH and AmRating issued an industry report on Armenia`s banking system
Igor Nazaruk: Each planted sprout has the right to a successful prospect if it is cherished and taken care ofIgor Nazaruk: Each planted sprout has the right to a successful prospect if it is cherished and taken care of
Ara Khzmalyan: Armenia is comfortable to Russian touristAra Khzmalyan: Armenia is comfortable to Russian tourist
The Armenian delegation to the US followed the advice of President TrumpThe Armenian delegation to the US followed the advice of President Trump
Outflow of population and passivity of the Diaspora pushes property prices downOutflow of population and passivity of the Diaspora pushes property prices down

Search by date

Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000

Commented
Forecast: Armenia has good prospects for expanding its presence in  the Polish marketForecast: Armenia has good prospects for expanding its presence in  the Polish market
Armenian government`s delegation headed by Prime Minister will take  part in the St. Petersburg International Economic Forum on June 6-7Armenian government`s delegation headed by Prime Minister will take  part in the St. Petersburg International Economic Forum on June 6-7
Concessionaire of Zvartnots International Airport promises to become  one of the best operators in the worldConcessionaire of Zvartnots International Airport promises to become  one of the best operators in the world
Arthur Javadyan: Central banks are not responsible for economic  growthArthur Javadyan: Central banks are not responsible for economic  growth
Forecast: Electricity exports to the Middle East through Iran are a  key component of Armenia`s geo- economic strategyForecast: Electricity exports to the Middle East through Iran are a  key component of Armenia`s geo- economic strategy
ArmInfo IC: In Armenia,  CMTPL loss ratio increased up to 64.5% in Q1  2019ArmInfo IC: In Armenia,  CMTPL loss ratio increased up to 64.5% in Q1  2019
Overdue loans accelerate growth in banking system of ArmeniaOverdue loans accelerate growth in banking system of Armenia
RA Prime Minister: European Union is not ready to finance 100% of  development programs implementation in ArmeniaRA Prime Minister: European Union is not ready to finance 100% of  development programs implementation in Armenia
Renco company will attract additional shareholders and partners to  the project of building a new thermal-power plant in ArmeniaRenco company will attract additional shareholders and partners to  the project of building a new thermal-power plant in Armenia
T.Avinyan: The Government is open for cooperation and encourages  active dialogue and interaction in all areas T.Avinyan: The Government is open for cooperation and encourages  active dialogue and interaction in all areas 
Agreement on construction of a new unit with combined gas cycle  signed in YerevanAgreement on construction of a new unit with combined gas cycle  signed in Yerevan
Veolia Jur: Regulatory charges are false and unfoundedVeolia Jur: Regulatory charges are false and unfounded
Armenian Prime Minister: We are gaining momentum for economic takeoffArmenian Prime Minister: We are gaining momentum for economic takeoff
Through the mobile banking application of Ardshinbank you can get a  loan in seconds.Through the mobile banking application of Ardshinbank you can get a  loan in seconds.
By the end of 2018, By the end of 2018, "Galburdjian Group" will launch the production of  sesame oil in Armenia
Expert: Armenia has a problem with effective use of water resources,  rather than small hydropower stationsExpert: Armenia has a problem with effective use of water resources,  rather than small hydropower stations
Investment forum Investment forum "Energy Week 2018" to be held in Armenia
Expert: It is necessary to start implementing the program for the  construction of a new nuclear unitExpert: It is necessary to start implementing the program for the  construction of a new nuclear unit
The Armenian government suggests raising the minimum pension by 60%The Armenian government suggests raising the minimum pension by 60%
"Rad Sane Vashamir Group" is exempted from VAT payments for equipment imported to Armenia for three years
The updated feasibility study of construction project of electricity transmission line Armenia- Georgia will be ready by the end of the year - the Ministry of EnergyThe updated feasibility study of construction project of electricity transmission line Armenia- Georgia will be ready by the end of the year - the Ministry of Energy
Eurasian Development Bank wishes to expand its activities in ArmeniaEurasian Development Bank wishes to expand its activities in Armenia
$ 100 million to be invested in repatriation project Build Armenia$ 100 million to be invested in repatriation project Build Armenia