$1 Billion Investment Anticipated in 1998

YEREVAN (Noyan Tapan)–Acting President and Prime Minister Robert Kocharian announced this week that the government expects a sum of about $1 billion in investment this year. The Finance and Economy Ministry outlined the following plans in a press conference:

"ArmenTel" telephone company: $300 million

"FDM Armenia" gold mining company: $180 million

"Mars" electric plant: $100 million

Hrazdan Power Plant: $100 million

"Armenia,"Ani," and "Dvin" hotels: $50 million

"Zvartnots" airport passenger’s terminal: $30 million

Other projects: $200 million

Currently–ArmenTel’s investment plan has been finalized–the hotels’ investment is anticipated for April–while the remaining projects are still at their beginning stages.


Discussion Policy

Comments are welcomed and encouraged. Though you are fully responsible for the content you post, comments that include profanity, personal attacks or other inappropriate material will not be permitted. Asbarez reserves the right to block users who violate any of our posting standards and policies.