Istanbul Armenian jeweler Eprem (Efrim) Bagh wants to develop his subsidiary company in Armenia, capitalizing on the privileges of the Eurasian Economic Union (EEU).  

He told Armenian News – NEWS.am that according to his observations, export from Armenia to Russia is easier than that from Turkey.
“We have faced certain issues in drawing out import and export documents, but we have  just started working here and hence need to study the law well,” he added.  

In Istabul, Yeprem Bagh heads the Board of Directors of BaG Jewellery, whose subsidiary, Patil A, has opened in Armenia.  The latter already has 20 employees, whose number is planned to be increased up to 100.  “I thought why not work in Armenia as well and open workplaces? We are interested in the conditions of “Meridian” economic zone and have a preliminary agreement on launching the work, perhaps in 2016,” the jeweler said.