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Iranian Business Center Will Be Established In Yerevan and ArmenianO

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  • Iranian Business Center Will Be Established In Yerevan and ArmenianO

    IRANIAN BUSINESS CENTER WILL BE ESTABLISHED IN YEREVAN AND ARMENIAN ONE IN TABRIZ

    YEREVAN, JUNE 3. ARMINFO. As a result of an Armenian - Iranian Forum
    of Businessmen recently held in Tabriz, an agreement has been reach
    on establishment of an Iranian business center in Yerevan and an
    Armenian one in Tabriz. Iranian Ambassador to Armenia Ali Reza
    Khakikyan informed journalists today.

    "The Iranian and Armenian parties have agreed on construction of
    a high-voltage power transmission line. The sides are currently
    discussing the technical issues," the Ambassador said. He added that
    the construction of the power transmission line and its putting into
    exploitation will require some 2 years. Besides, technical and economic
    parameters of the project of construction of a water power plant worth
    $150 mln are studied. As regards the project of joint construction
    of Kajaran tunnel, it was withdrawn from the agenda, as the Armenian
    party decided to built an alternative road proceeding from economic
    calculations. It should be noted that in 2004 the commodity turnover
    between Armenia and Iran grew 8.8% totaling $100 mln.
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