Monday, August 19 2019 13:33
Alina Hovhannisyan

Expert: Kotayk region should become the industrial center of Armenia

Expert: Kotayk region should become the industrial center of Armenia

ArmInfo.The restoration of the existing industrial structures should become one of the  priorities of the Kotayk region rather than development of  agriculture and tourism opportunities. Coordinator of the EU  initiative "Mayors for Economic Growth" for the Eastern Partnership  region Sevak Hovhannisyan expressed such an opinion during panel  discussions dedicated to the production and economic potential of the  Kotayk region and investment opportunities within the framework of  the forum "My Step for Kotayk Region". 

''We can still restore the industrial-production culture that we  previously had. In the context of 10 years, I see Kotayk as a  military industrial complex and industrial center of Armenia'', he  emphasized.  Continuing what was said, the expert noted that this  region was the industrial center of Armenia back in Soviet times,  when the lion's share of industrial production, in particular machine  and equipment engineering and technological production, was occupied  precisely by the cities of Kotayk region, in particular, Hrazdan,  Charentsavan, Abovyan and others.

Regarding the instruments for attracting investments in the regions  Hovhannisyan emphasized that in this issue cooperation is important  rather than stimulation. ''Investments are always the result of a  complex cooperation process. And in this regard, the involvement of  all parties, including communities, residents, the state, plays a key  role,'' he said. In this regard, Hovhannisyan spoke about a previous  meeting with representatives of local self-government, who noted that  developing a business in the community is quite a costly process.  ''That is, the community itself is not interested in this, while in  Europe there is intense competition between the communities for  attracting investments. This is a problem that needs to be  addressed'', he said, stressing that within the framework of  decentralization, communities need funds for business development. At  the same time, among the problems in the regions, Hovhannisyan  pointed to the lack of general plans for community development among  municipalities. It should be noted that, according to the Statistical  Committee of the Republic of Armenia, the volume of industrial  production in Armenia in the first half of 2019 increased by 6.9%  compared to the same period in 2018 (against an increase of 3.7% a  year earlier), amounting to 900.5 billion drams ($ 1.8 billion). The  acceleration of industrial sector growth is due to a change in the  trend of the mining sector from downward to upward and the continued  growth of the manufacturing sector.

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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

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