Armenia Considers Exporting Planes

YEREVAN (Armenpress)–The Armenian Export Union is considering exporting airplanes to Russia for agricultural and sport-related use. Negotiations have already begun between the Armenian and Russian sides. Union Chairman Vazgen Safarian said a $10 million investment is required for the deal to go through. The construction of a new factory has been proposed–however–the Armenian Export Union feels the purchase of new machinery for the existing factory at Hrazdan will be more beneficial. According to Safarian–a joint-venture between Armenia–Russia–and India is likely to take place.

Authors

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.

*

Top