168 Hours: Armenia to export 50bn drams worth building materials to Russia

The Armenian authorities have reached an agreement with a big Russian businessman to arrange exports of building materials worth 50 billion drams to Russia, 168 Hours writes.

“Two cement producing factories, Hrazdan and Ararat Cement, do not operate for the greater part of time due to lack of demand. The Russian entrepreneur agreed to assume the management of these enterprises and arrange exports, in keeping with the demands of the Armenian government,” the newspaper writes.