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Armenia's Economy Ministry And Sitronics Armenia Agree To Establish

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  • Armenia's Economy Ministry And Sitronics Armenia Agree To Establish

    ARMENIA'S ECONOMY MINISTRY AND SITRONICS ARMENIA AGREE TO ESTABLISH FREE ECONOMIC AREA

    NEWS.AM
    April 26, 2012 | 15:01

    YEREVAN. - In six months the first free economic area in Armenia will
    be launched.

    Armenian Minister of Economy Tigran Davtyan and Armenian-Russian
    joint company Sitronics Armenia head Armen Khachatryan signed on
    Thursday a document to set up a free economic area in the territory
    of the RAO Mars JSC and the Yerevan Scientific Research Institute of
    Mathematical Machines (YerSRIMM).

    According to the Minister, the formation of the free economic zone
    has been completed and currently the process is on. Sitronics Armenia
    is obliged to secure all the necessary technical, organizational and
    infrastructure projects. The Minister is ready to accept applications
    from the investors, Davtyan added.

    Head of the Sitronics Armenia stated that the official website will
    post information about the zone during a week.

    In response to the question by the Armenian News-NEWS.am reporter the
    YerSRIMM head Arsen Torosyan said that the territory of the university
    is already provided with a high speed and cheap Internet.

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