Armenia to start producing alcohol detection devices
14.07.2016,
14:20
Armenia will start producing alcohol detection devices, Artsvik Minasyan, economy minister, said Thursday at a regular Cabinet session.
YEREVAN, July 14. /ARKA/. Armenia will start producing alcohol detection devices, Artsvik Minasyan, economy minister, said Thursday at a regular Cabinet session.
The Cabinet ministers, decided Thursday to allow Arides company to produce the mentioned devises in Alliance Free Economic Zone.
“The company is planning to invest $4.3 million in the process and to create ten jobs with an AMD 105,000 salary,” Minasyan said.
In his words, the company intends to export products worth $3 million in the first year and $10 million in the fifth year.
The company intends to produce and export 15,000 devises initially and to build up its output and export to 40,000 in the future.
Arides is going to export its products to Russia, Kazakhstan, Belarus and EU countries.
The company will lease 70 square meters for five years.
There are two free economic zones in Armenia now - Alliance (high and information technologies) and Meridian (jewelry industry). ($1 – AMD 476.62). --0---
The Cabinet ministers, decided Thursday to allow Arides company to produce the mentioned devises in Alliance Free Economic Zone.
“The company is planning to invest $4.3 million in the process and to create ten jobs with an AMD 105,000 salary,” Minasyan said.
In his words, the company intends to export products worth $3 million in the first year and $10 million in the fifth year.
The company intends to produce and export 15,000 devises initially and to build up its output and export to 40,000 in the future.
Arides is going to export its products to Russia, Kazakhstan, Belarus and EU countries.
The company will lease 70 square meters for five years.
There are two free economic zones in Armenia now - Alliance (high and information technologies) and Meridian (jewelry industry). ($1 – AMD 476.62). --0---
