FMD K&L Europe Opens the Region’s Largest Biotechnology Park in Armenia
The FMD K& L Europe is a Chinese-American transnational company that has been operating in Armenia for 3 years and has already invested about USD 4 million during this period. The company is planning on investing another USD 3 million and increase the number of employees from 170 to 250 and then up to 500 in 2018, banks.am reports.
Within the scope of the biotechnology part, the company will cooperate with the largest pharmaceutical companies.
“When I first came to Armenia I investigated the environment and found that the country has highly qualified doctors and biologists. Armenia may become the perfect platform for our company to enter Europe” noted Mr Kirit Velani, the Executive Director of FMD K&L Europe.
Business Armenia CEO Armen Avak Avakian has noted that these days the managing staff of FMD K&L Corporation is in Armenia too.
“They held the annual meeting of the company’s board in Armenia. This is a certain level of appreciation of the investment and business environment of our country,” highlighted Mr Avakian.
In the technology park in Yerevan, the Shtigen company has installed a hybrid solar power plant, which, apart from saving and protecting the environment, ensures uninterrupted operations even in case of power failure.
Other materials on this subject
- Armenia gets highest growth projection by World Bank among European, Central Asian countries Regarding other regional countries, the World Bank projected Azerbaijan’s 2022 growth at 4,2%, Georgia at 10% and Turkey at 4,7%.
- IMF staff reaches staff-level agreement with Armenia on precautionary Stand-By Arrangement The proposed arrangement will support the government’s economic program to achieve investment-driven, knowledge-based, and export-led growth, while preserving macroeconomic, fiscal, and financial stability...
- Over 1 trillion in taxes paid by 1000 top corporate taxpayers in 9 months The top 1000 corporate taxpayers paid a total of more than 1 trillion 82 billion 627 million drams in the reporting period.
- S&P Global Ratings reaffirms Armenia’s sovereign ratings with "stable" outlook According to the statement, the stable economic growth of Armenia, the decline in geopolitical risks, the strengthening of Armenia’s external position and the slower rate of foreign debt accumulation...
- EBRD Raises Growth Forecast for Armenia’s Economy for 2022 In its latest Regional Economic Prospects (REP), the EBRD said that the economies of Armenia, Azerbaijan and Georgia are enjoying some of their highest growth rates in years.
Read also
-
Pashinyan Administration introduces new hazard prevention regulations at construction sites over air pollution levels
-
Russian President Putin arrives in Yerevan for CSTO Summit
-
Wizz Air to start Venice-Yerevan flights
-
We have reached significant achievements in the development process of the EAEU- Nikol Pashinyan
-
Tigran Avinyan Appointed Deputy Yerevan Mayor
-
Death Toll in Yerevan Market Explosion Reaches 16
-
At Least 6 Dead, 16 Missing after Surmalu Blast
-
Negotiations Ongoing To Hold Pashinyan-Aliyev Meeting- Aghajanyan
-
17:08The regular session of the Anti-corruption Policy Council takes place in Jermuk
-
15:05The Prime Minister sends congratulatory messages to the supreme leader of Iran and the President of Iran
-
11:11Armenia sends earthquake aid to Turkey
-
10:43Commemoration of the Pontiff St. Sahak Partev
-
09:16Some roads are closed and difficult to pass in Armenia
-
19:55Phone conversation of the Foreign Minister of Armenia with the U.S. Assistant Secretary of State for European and Eurasian Affairs
-
18:30Prime Minister Pashinyan and President Khachaturyan meet
-
18:20Ararat Mirzoyan with Co-Chairman of the OSCE Minsk Group of France Brice Roquefeuil
-
17:01Humans could land on Mars within 10 years, Musk predicts
-
16:45France, US urge 'immediate' end to Nagorno Karabakh blockade
-
16:01Blockaded Nagorno Karabakh launches fundraiser to support quake-hit Syria
-
15:59Earthquake death toll in Turkey rises to 18,342
-
15:43Ararat Mirzoyan Held a Telephone Conversation with Sergey Lavrov
-
15:06French president rules out fighter jet supplies to Ukraine in near future
-
14:475 Day Weather Forecast in Armenia
-
14:44President Vahagn Khachaturyan wrote a note in the book of condolences opened in the Embassy of Syria in Armenia
-
14:20Azerbaijan’s provocations impede establishment of peace and stability – Armenian FM tells Russian Co-Chair of OSCE MG
-
12:57France representation to OSCE: Paris calls on Azerbaijan to restore freedom of movement through Lachin corridor
-
11:40Command of Kosovo forces highly appreciated preparation of Armenian peacekeepers
-
10:16The United States withdrew from sanctions against Syria for six months the provision of assistance after the earthquake
day
week
month
Humidity: 58%
Wind: 1.03 km/h