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Armenia to develop high-tech manufacture and investment attraction due
to free economic zone
YEREVAN, October 15. /ARKA/. Free economic zone will enable Armenia to
develop high-tech manufacture and to attract investments, said Adviser
to the President of the Russian Federation Igor Levitin.
`Also, due to the free economic zone Armenia will be able to create
new jobs, which will meet demands of Armenian high-professional
specialists, and we all know that Armenia is quite rich in this
aspect,' Levitin said at the second Armenian-Russian interregional
forum, kicked off in Yerevan on Saturday.
On 2 February 2012 , Armenia's government approved a free economic
zone project on the territory of RAO Mars CJSC and Yerevan Research
Institute of Mathematical Machines CJSC, as well as JSC Sitronics'
manager status application. Free economic zone will be processed in
Armenia in November 2012.
Levitin underlined a long-century friendship between the countries,
national interests as fundamental for partnership.
Interregional cooperation expands collaboration between Armenia and
Russia including small and medium-sized business, non-governmental
sector, he added.
Levitin also mentioned bilateral cooperation in legal sector, which is
currently actively developing.
`I believe, the forum will confirm the importance of interregional
cooperation format, and willingness of the both sides to enlarge the
collaboration between the regions of our counties,' he added.
The forum gathered over 300 representatives of the central and
regional authorities, business, non-governmental organizations of
Russia and Armenia, the delegation of Russia's 13 regions, and all
regions of Armenia.
Following the forum, a final statement will be made.
Free economic zone, which will be managed by Sitroniks company, will
be rolled out on the area of over 100,000 square m, including, Mars
plant with 77,000 sq. m area and Yerevan Research Institute of
Mathematical Machines CJSC- 27,000 sq. m.
Free economic zone will expand over two directions- high-tech and new
technology manufacture. Preliminary agreements are reached with
several foreign IT companies from the USA, Iran, India and England.
Export production is one of the mandatory conditions for a free
economic zone formation.
Sitroniks company, a high-tech concern in the structure of AFK
Sistema, registered its subsidiary Sitroniks Armenia cjsc in Armenia
in September 2009. The main tasks of the new company are to manage
assets given by Rosimushchestvo under Sitroniks control in 2008,
including RAO Mars, Yerevan Research Institute of Automated Control
Systems, Yerevan Research Institute of Mathematical Machines, and
manage the free economic zone on their territory. -0-
to free economic zone
YEREVAN, October 15. /ARKA/. Free economic zone will enable Armenia to
develop high-tech manufacture and to attract investments, said Adviser
to the President of the Russian Federation Igor Levitin.
`Also, due to the free economic zone Armenia will be able to create
new jobs, which will meet demands of Armenian high-professional
specialists, and we all know that Armenia is quite rich in this
aspect,' Levitin said at the second Armenian-Russian interregional
forum, kicked off in Yerevan on Saturday.
On 2 February 2012 , Armenia's government approved a free economic
zone project on the territory of RAO Mars CJSC and Yerevan Research
Institute of Mathematical Machines CJSC, as well as JSC Sitronics'
manager status application. Free economic zone will be processed in
Armenia in November 2012.
Levitin underlined a long-century friendship between the countries,
national interests as fundamental for partnership.
Interregional cooperation expands collaboration between Armenia and
Russia including small and medium-sized business, non-governmental
sector, he added.
Levitin also mentioned bilateral cooperation in legal sector, which is
currently actively developing.
`I believe, the forum will confirm the importance of interregional
cooperation format, and willingness of the both sides to enlarge the
collaboration between the regions of our counties,' he added.
The forum gathered over 300 representatives of the central and
regional authorities, business, non-governmental organizations of
Russia and Armenia, the delegation of Russia's 13 regions, and all
regions of Armenia.
Following the forum, a final statement will be made.
Free economic zone, which will be managed by Sitroniks company, will
be rolled out on the area of over 100,000 square m, including, Mars
plant with 77,000 sq. m area and Yerevan Research Institute of
Mathematical Machines CJSC- 27,000 sq. m.
Free economic zone will expand over two directions- high-tech and new
technology manufacture. Preliminary agreements are reached with
several foreign IT companies from the USA, Iran, India and England.
Export production is one of the mandatory conditions for a free
economic zone formation.
Sitroniks company, a high-tech concern in the structure of AFK
Sistema, registered its subsidiary Sitroniks Armenia cjsc in Armenia
in September 2009. The main tasks of the new company are to manage
assets given by Rosimushchestvo under Sitroniks control in 2008,
including RAO Mars, Yerevan Research Institute of Automated Control
Systems, Yerevan Research Institute of Mathematical Machines, and
manage the free economic zone on their territory. -0-