First free economic zone in Armenia to be launched on August 1
Free economic zone will be developed in Armenia on the grounds of RAO Mars CJSC and Yerevan Scientific Research Institute of Mathematical Machines (YerSRIMM). The decision about it was made at a cabinet session today.
Sitronics Armenia CJSC is the initiator of creating free economic zone in Armenia. The first free economic zone in Armenia will be launched on August 1, 2013.
The free economic zone will be established in the areas of industrial electronics and technical applied electronics, exact engineering, pharmaceutics and biotechnologies, information technologies, alternative energy, industrial design and telecommunications.