Armenia's first Carrefour retail hypermarket is expected to open this autumn, according to French Ambassador to Armenia Henri Reynaud.
Reynaud, speaking at a press conference last week, said he recently met with French entrepreneurs interested in doing business in Armenia. A preliminary agreement was signed in May between Yerevan Mall and Carrefour, with Armenian President Serzh Sargsyan and French President Francois Hollande present for the signing, ARKA reports.
The Armenian Carrefour hypermarket in the Yerevan Mall territory will total more than 710,000 square feet of space built to Carrefour standards.
The French retail trade company Carrefour, operated by Carrefour SA, is the world's second largest chain of hypermarket after Wal-Mart, according to ARKA.
- FIRST UKRAINIAN BANK - UKRAINE: FUIB doubled sales of OSAGO insurance policies
- CENTRAL BANK OF AZERBIJAN: On holding auctions on attracting funds by the Central Bank
- UNICREDIT - AZERBAIJAN: UniCredit launches first ETFs combining factor strategy with ESG criteria on European equities
- THE BLACK SEA TRADE AND DEVELOPMENT BANK: AIIB, EBRD and BSTDB co-finance expansion of Turkey’s largest geothermal power plant
- GOVERNMENT OF BELARUS: Lukashenko: Belarus wants to deepen economic ties with Latvia
- GOVERNMENT OF ARMENIA: Open Government Partnership Initiative Working Group Holds Meeting
- EUROPEAN INVESTMENT BANK: France: Derichebourg receives EIB financing of 130 million euros under the Juncker Plan
- INTERNATIONAL MONETARY FUND: IMF Executive Board Completes the Second Review under the Extended Credit Facility Arrangement and Approves US$25 Million Disbursement to Burkina Faso
- ARMECONOMBANK - ARMENIA: Salary Card with 70% Discount
- ASIAN DEVELOPMENT BANK: ADB Sells 60 Million Lari Dual-Tranche Domestic Bonds in Georgia