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.


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