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Armenian Watch Mainly Exported To US

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  • Armenian Watch Mainly Exported To US

    ARMENIAN WATCH MAINLY EXPORTED TO US

    August 29, 2013 | 01:43

    YEREVAN. - Five watch manufacturing companies, which employ 113 people,
    are operating in Armenia. This is indicated in the development program
    of watch industry, which was approved by the Council at the Prime
    Minister of Armenia in late July

    Armenia exported watch and parts estimating at nearly $8 million in
    2011, while 85% of production was exported to the United States.

    Armenian watch are also exported to Uzbekistan and Turkmenistan
    (7% and 5% of the total). In addition, Armenia exports watch parts
    to Switzerland.

    The major watch manufactures in Armenia are Yerevan Jewelry Plant
    "Gnomon", AWI, "IGOR", representative of Frank Muller. Armenian

    Armenia's watch industry reached the peak in 1980s, when the country
    annually produced 4.5 million watch. The main producers were Yerevan
    Watch Factory and Yerevan factory of decorative.

    News from Armenia - NEWS.am



    From: Emil Lazarian | Ararat NewsPress
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