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Sitronics Registered Subsidiary Company In Armenia

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  • Sitronics Registered Subsidiary Company In Armenia

    SITRONICS REGISTERED SUBSIDIARY COMPANY IN ARMENIA

    PanARMENIAN.Net
    24.09.2009 14:53 GMT+04:00

    /PanARMENIAN.Net/ Russian Sitronics company which is engaged in
    reprocessing products and providing solutions in IT, telecommunication
    and microelectronics spheres has registered a subsidiary company in
    Armenia ("Sitronics Armenia").

    Earlier, Vache Kirakosyan Head of Economy Ministry's High-Tech and IT
    Department, told a PanARMENIAN.Net reporter that Sitronics Armenia
    planned to create free economic zone in Mars factory and Mergelyan
    Automated Control Systems Scientific Research Institute.

    He also said that Sitronics and RA Government planned to create a
    joint venture fund in the amount of $ 40 million. In case of company's
    successful activity, the sum will increase to $80-90 million.
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