YEREVAN. – One of the first residents at Meridian Jewelry Free Economic Zone (FEZ), in Armenia’s capital city of Yerevan, will soon appear.

At Thursday’s Cabinet meeting, Fancy company was granted authorization to work at this FEZ.

At the session, Minister of Economy Karen Chshmarityan said, in the near future, several other enterprises wish to submit applications to also become residents at this zone.

In the first five years, the said company plans to create 100 jobs and invest US$1 million.