India ‘waiting for proposals’ from Armenia on joining Iran port project: THIS WEEK IN BUSINESS

  • Armenia’s gross domestic product expanded by 9.2% in the first quarter of the year.
  • India said it is ready to consider offers from Armenia on joining a key port project in Iran, just days after New Delhi and Tehran reached a new agreement to develop the project further – and after the United States warned fresh sanctions are possible.
  • Armenia said the 20% internal rate of return granted to the conglomerate that runs the country’s main airport remains a key sticking point in talks over a major expansion plan.

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