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Development Of Free Economic Area In Armenia Insufficient - Governme

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  • Development Of Free Economic Area In Armenia Insufficient - Governme

    DEVELOPMENT OF FREE ECONOMIC AREA IN ARMENIA INSUFFICIENT - GOVERNMENT

    news.am
    July 23, 2012 | 22:29

    YEREVAN. - Works on the development of free economic areas in Armenia
    on the grounds of RAO Mars CJSC and Yerevan Scientific Research
    Institute of Mathematical Machines (YerSRIMM) are not sufficient,
    said Deputy Economy Minister Tigran Harutyunyan at a press conference
    on Monday.

    In his words, he had recently visited YerSRIMM and was dissatisfied
    with the progress of work and informed the Armenian-Russian joint
    company Sitronics Armenia CJSC which is the administrator of free
    economic area.

    Armenian News-NEWS.am informed earlier that Sitronics Armenia Company
    will become the administrator of Armenia's first-ever free economic
    zone. The Government of Armenia adopted a decision to that effect on
    February 2, 2012. The development of free economic areas was to be
    launched in September, 2012, but the date is likely to change.

    The free economic area will be established in Armenian Mars Plant
    and Yerevan Institute of Mathematics.

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