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Italians want to restore Spitak sugar refinery

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  • Italians want to restore Spitak sugar refinery

    ArmenPress
    Dec 2 2004

    ITALIANS WANT TO RESTORE SPITAK SUGAR-REFINERY

    YEREVAN, DECEMBER 2, ARMENPRESS: Armenian agriculture minister
    David Lokian told Armenpress that an Italian delegation that is due
    in Armenia on December 6 will travel also to the town of Spitak to
    learn on ground whether a former sugar-refinery there can be
    restored.
    According to previous estimations, redeveloping the Spitak region
    with new investments for sugar beets processing - producing jobs and
    sugar for Armenia, was estimated to require investments in the range
    of $110-135 million.
    Italians also intend to found a modern joint meat processing
    venture and to promote Italian technologies in Armenia. Apart from
    this the government of Italy has pledged to finance through UN Food
    Agricultural Organization (FAO) a major project on potato
    cultivation.
    The minister said also a team of Armenian businessmen and experts
    engaged in wine-making will fly next February to Thailand to pass
    their experience to Thai counterparts.
    Also agriculture experts from the Baltic states are coming soon to
    Armenia to share their experience in building border check points.
    The minister said effective cooperation with the US Department of
    Agriculture Yerevan office will continue next year. Cooperation
    arrangements were also reached with businessmen in the United Arab
    Emirates, UN and other international organizations.
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