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Zhamanak: Business emigrates from Armenia?
March 06, 2014
YEREVAN. - The Government of Armeniawill reject, in its next meeting,
the U. F. Group information technology (IT) programming company's
application to conduct activities atAlliance free economic zone,
Zhamanak daily reports.
"Company director Karen Gyulgyulyan told Zhamanak that if their
project is not implemented in the free economic zone, he will not
develop this project inArmenia.
'"We and our board of directors have decided to relocate the given
project and the given organization to a more favorable country that
appreciates the IT sector more.
'"[But] our business consists of two organizations; one will remain in
Armenia, the other will emigrate, [Gyulgyulyan said],'" Zhamanak
writes.
News from Armenia - NEWS.am
March 06, 2014
YEREVAN. - The Government of Armeniawill reject, in its next meeting,
the U. F. Group information technology (IT) programming company's
application to conduct activities atAlliance free economic zone,
Zhamanak daily reports.
"Company director Karen Gyulgyulyan told Zhamanak that if their
project is not implemented in the free economic zone, he will not
develop this project inArmenia.
'"We and our board of directors have decided to relocate the given
project and the given organization to a more favorable country that
appreciates the IT sector more.
'"[But] our business consists of two organizations; one will remain in
Armenia, the other will emigrate, [Gyulgyulyan said],'" Zhamanak
writes.
News from Armenia - NEWS.am