YEREVAN. – The Government of Armenia will reject, in its next meeting, the U. F. Group information technology (IT) programming company’s application to conduct activities at Alliance free economic zone, Zhamanak daily reports.  

“Company director Karen Gyulgyulyan told Zhamanak that if their project is not implemented in the free economic zone, he will not develop this project in Armenia.

‘“We and our board of directors have decided to relocate the given project and the given organization to a more favorable country that appreciates the IT sector more.       

‘“[But] our business consists of two organizations; one will remain in Armenia, the other will emigrate, [Gyulgyulyan said],’” Zhamanak writes.