Yerevan Approves First Deal With Russian-Armenian Investors
August 10, 2017
Businessman Samvel Karapetian (left) with Prime Minister Karen Karapetyan during a meeting in March
YEREVAN (RFE/RL)””An investment fund set up recently by wealthy Russian entrepreneurs of Armenian descent plans to build a major hydroelectric plant in Armenia in what will be the first business project financed by it, it was announced on Thursday.
The Armenian government gave the green light to the project, saying that it will boost the country’s energy security. The decision took the form of formal approval of a framework agreement with the fund called the Investors Club of Armenia (ICA).
“This is the first major project of the Investors Club of Armenia which has been discussed in detail ever since the creation of the fund,”
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