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The First Free Economic Zone To Be Launched In Armenia This Year

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  • The First Free Economic Zone To Be Launched In Armenia This Year

    THE FIRST FREE ECONOMIC ZONE TO BE LAUNCHED IN ARMENIA THIS YEAR
    Hasmik Dilanyan

    "Radiolur"
    21.03.2012 15:01

    The first free economic zone will be launched in Armenia in 2012,
    Head of the Investment Policy Department of the Ministry of Economy
    Hovhannes Avetisyan told a press conference today.

    "There are no deviations from the schedule," he said, adding that
    a corresponding agreement will be signed with the Sytronics Armenia
    Company within a month, after which it will have six month to prepare
    the infrastructures envisaged by the business plan.

    According to Bagrat Yengibaryan, Director of the Enterprise
    Incubator Foundation, creation of free economic zones will raise
    the competitiveness of the Armenian IT production in the world,
    since what's important is not just the quality and price, but also
    the facilitation of import and export procedures.

    Only companies, which achieve serious progress in the given field,
    will be allowed to the free economic zone, Hovhannes Avetisyan said,
    adding that it will be closed for companies, which aim at evade taxes.

    Armenia's IT sector is insufficiently informed about the
    technology-oriented free economic zone, said Karen Vardanyan, Executive
    Director of the Union of Information Technology Enterprises.

    According to him, the Armenian IT companies do not precisely know
    how they can enter this free economic zone.

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