Prime-Tass English-language Business Newswire, Russia
February 19, 2010 Friday 12:38 PM EET
Armenian Cos to build jewelry, diamond cutting plants in Russia
YEREVAN Feb 19
Armenian businessmen plan to invest U.S. $5 million in the
construction of a jewelry factory and a diamond cutting factory in
Russia’s Ulyanovsk Region, Armenia’s Commerce and Industry Chamber
President Aram Vardanyan said Friday.
The Armenian businessmen, who were not identified, discussed these
projects with Russian colleagues during their visit to the Ulyanovsk
Region earlier this week, Vardanyan said.
They also offered to take part in the investment in the construction
of a large hotel with an exhibition complex in the city of Ulyanovsk,
Vardanyan said.