Products, Companies & Markets

 

Opening Armenian trading house in Turkmenistan under consideration
Feb 21/ArmenPress.am/ 

YEREVAN – Armenia and Turkmenistan are preparing for the 9th session of intergovernmental economic commission due in mid-2019 in Ashgabat.

Armenia’s Ambassador to Turkmenistan Garnik Badalyan held a meeting on February 21 with the country’s finance and economy minister Batyr Bazarow to discuss related issues, the foreign ministry said in a read-out of the meeting.

The sides discussed the circle of issues that will be included in the financial-economic part of the session. They also discussed the possibility of opening an Armenian trading house in Turkmenistan, prospects of involving Armenian capital companies in the Turkmen market and other issues concerning bilateral economic relations.

The Armenian ambassador and the Turkmen minister attached importance to increasing trade turnover volumes and boosting economic ties. They agreed to continue sectoral cooperation.


Armenia's fashion and textile products to be presented to international buyers
/Feb 25/Verelq.am/

YEREVAN – With the support of Business Armenia, 14 light industry companies from Armenia will participate in CPM-Collection Premiere Moscow 2019, the international exhibition of fashion and textile products, on February 25-28, Business Armenia told Armenpress.

“Last year 5 of the participating companies signed contracts worth of 230 million dollars. This year, companies with great export potential are also participating, among which there are new brands that have been presented for the first time”, said Lusine Hovhannisyan, Event Organizer at Business Armenia.

Armenia's fashion and textile products are represented at CPM 2019 in 2 national pavilions. In one of them will be presented underwear, home and sports knitted products of Alex, Melante, Araqsa, and Viva brands: https://goo.gl/axCJMs, and the second one will include fashionable models of Z.G.Eest, Kivera, Zakaryan, Ruzane, Shabeeg, Margonie, Petoor, and Artuyt: https://goo.gl/dJy4XD.

CPM is the largest exhibition of fashion industry in Eastern Europe. It includes all sectors of the light industry. There are 50 groups of products displayed in 15 halls. The exhibition has over 20,000 visitors of wholesalers, industry experts, distributors, trading networks, and importers.


Armenia launches production of high-quality medical supplies
/Feb 26/Public Radio of Armenia/

The SMT Best Company has launched production of medical supplies in Armenia. These include medical syringes, blood collection vials, insulin pen needles, etc, Minister of Health Arsen Torosyan said in a Facebook post.

Introduction of new technologies will allow producing catheters for different purposes in the future. The production of the company is certified and meets best international standards. The whole production will be exported.

According to the Minister, investments are expected to increase in the future and a new plant will be built.
 

Aerospace and defense giant THALES executives to visit Armenia for cooperation talks
/Feb 26/ArmenPress.am/

YEREVAN – At the invitation of President Armen Sarkissian, executives of the French multinational corporation THALES will visit Armenia on February 26. The delegation will be led by THALES Vice President, regional director Paul Remi.

Thales Group is a French multinational company that designs and builds electrical systems and provides services for the aerospace, defense, transportation and security markets.

The visit comes after the Armenian president held a series of meetings with THALES executives to discuss cooperation opportunities. The latest meeting took place in February in Paris, where Sarkissian held talks with THALES Vice President Raphael Eskinazi regarding the realization of previously reached agreements in Armenia.

In Armenia, Remi is expected to have meetings with President Sarkissian, Deputy PM Tigran Avinyan, Security Council Secretary Armen Grigoryan, and visit the Synopsys Armenia headquarters, the TUMO Center for Creative Technologies and the PicsArt headquarters.
 

RusHydro plans to decide on sales of hydropower plants cascade in Armenia in 3-4 months – First Deputy CEO
/Feb 27/ITAR-TASS/

MOSCOW – The management of the Russian power generating company RusHydro will finally decide on the opportunity of selling the Sevan-Razdan cascade of hydropower plants in Armenia in three-four months, First Deputy CEO of RusHydro George Rizhinashvili told reporters on Wednesday. 

"We will decide in three-four coming months on the opportunity of having found a certain investor, a priority one and the one indeed desirous to purchase, or with the understanding that this is not possible," the top manager said.

Talks with investors are underway and due diligence is implemented, Rizhinashvili noted. "I regret saying that the macroeconomic situation in Armenia, being not highly stable, discourage investors from standing in a queue to buy the asset. Therefore, we have to find ourselves and justify the possibility of achieving certain positive results in future," he said.

RusHydro announced plans to sell the Sevan-Razdan cascade of hydropower plants in April 2017. It was reported earlier that the deal was planned to be closed in 2018 but the company did not yet decide on a potential buyer.

The Sevan-Razdan cascade consists of seven derivation hydropower plants on the Razdan River in Armenia. The plants comprise 21 hydropower units with the total installed capacity of 561 MW. The average annual output of cascade plants is 501 mln kWh.

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