YEREVAN. - Armenia is willing to develop cooperation with the Stavropol region of Russia, Nikolay Paltsev, the first deputy head of the regional government, stated at the 1st interregional Russian-Armenian forum in Yerevan.

One of the largest holding companies in the South Caucasus, Grand company, is investing $3 million in tobacco production in Mineralniye Vodi. The company plans to create 500 new jobs by the end of this year.

With a view to developing bilateral cooperation, an Armenian delegation will take part in the 8th international conference "Caucasus health resort. Human investments", reports news.1777.ru.