Armenian government to invest $37M in ‘dry port’ project: THIS WEEK IN BUSINESS
Civilnet- Armenia plans to invest $37 million to set up a large industrial park and special economic zone in the country’s second largest city of Gyumri.
- Armenia took a 12.5% stake in the company behind a long-stalled gold mining project embroiled in environmental controversy.
- Armenia scrapped a program subsidizing the cost of transporting goods to Russia via the Black Sea, citing insufficient demand.
- Armenia will loan more than $8.5 million to the company behind a planned scrap metal plant that relocated away from a border village after repeated shelling from Azerbaijan.
