ArmInfo. On May 12, the Armenian
Government took a decision to give a permit to "SGS" LLC for
activities in the Alliance free economic zone based on RAO Mars CJSC
and managed by Sytronics Armenia.
Deputy Economy Minister of Armenia Sergey Avetisyan said that the
company gets an operator's right to conduct its activities in
electronics and precision engineering. This will make it possible to
attract significant funds to the sector and give a fresh impetus to
export development in high technologies, as well as to contribute to
popularization of the Armenian brand in the given sector. The deputy
minister said that under the investment program the company is going
to launch production of electronic facilities and data transmission
systems, as well as design and production of equipment and facilities
for cable and wireless communications systems. Exports will total 30
mln AMD. The goods will mostly be exported to the EEU member states
(70%) and to the Middle East. Investment will amount to about 2.5 mln
USD. 30 new jobs will be created with an average monthly salary to be
420 USD.
According to the information posted on the Armenian The free economic
zone "Alliance" based on "RAO Mars" CJSC and "The Yerevan Computer
R&D Institute" CJSC was established and given the right to operate by
the decree N785-A of the Government of the Republic of Armenia of
July 18, 2013. "SYTRONICS ARMENIA" CJSC is recognized as the
operator of the zone. "Alliance" free economic zone is oriented to
the production and exports of high and innovative technologies in the
field of electronics, precision engineering, pharmaceutics and
biotechnologies, information technologies, alternative energy,
industrial design and telecommunications (elaboration and production
of technological equipment, systems and materials for
data/information transfer) as well as in the fields producing goods
not produced in Armenia. On August 14, 2013, the Ministry of Economy
of Armenia, on behalf of the Government of Armenia, signed a contract
with "SYTRONICS ARMENIA" CJSC on operation of the free economic zone
established at "RAO MARS" CJSC and "The Yerevan Computer R&D
Institute" CJSC. The contract regulates the legal activities
associated with the organization of the free economic zone,
establishment and development of infrastructure on the territory of
FEZ, provision of services by the organizer (operator), establishment
of tariffs for those services, provision of investments, attraction
of FEZ operators (residents), as well as other legal activities
resulting from the implementation of supervision by the authorized
body and related to the activities of FEZ, in accordance with the
legislation of the Republic of Armenia.
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