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Armenia’s Economy Ministry and Sitronics Armenia agree to establish free economic area

Armenia’s Economy Ministry and Sitronics Armenia agree to establish free economic areaApril 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.


News from Armenia - NEWS.am

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