Armenia to grant temporary residence to Iranian traders

Iran has launched share sales of the Iranian Free Trade Center in Armenia. A maximum of 2000 shares will be sold for about $5 each.

Leon Akharunyan, chairman of the Iranian-Armenian joint trade chamber, said that Armenia will grant Iranian investors banking benefits and the right for long-term temporary residence in Armenia.

Shares will be sold in rials and converted to dollars. Iran will invest in the industry of food, construction materials, detergents, clothes, shoes, bags and others.

Adapted from: Vestnik Kavkaza