Venture investment fund to be set up in Armenia with<br /> participation of Sitronics<br />


Venture investment fund to be set up in Armenia with
participation of Sitronics

  • 19-12-2008 21:00:00   | Armenia  |  Economy
YEREVAN, DECEMBER 19, NOYAN TAPAN. Issues related to further development of cooperation in the high-tech sector were discussed at the December 19 meeting of the Armenian prime minister Tigran Sargsyan with the chairman of Sitronics OJSC Sergei Aslanian, the deputy chairman Sergei Urezchenko and the authorized representative of the company in Armenia Armen Khachatrian. S. Aslanian presented Sitronics's activities, its participation in federal target programs in Russia, its international links and involvement in the forthcoming initiatives and projects on cooperation in the high-tech sector in Armenia, CIS, Central and Eastern Europe and some other countries. In particular, he spoke about the possibility of creating a free economic zone of research type in the area of RAO Mars CJSC transferred to Russia under the Property for Debt Agreement. This possibility was an instruction given at the 10th sitting of the Armenian-Russian Intergovernmental Commission on Economic Cooperation Issues. S. Aslanian also discussed the creation of a venture investment fund in Armenia with the participation of Sitronics, noting that their company is prepared to present its cooperation program on this issue soon. According to the RA Government Information and PR Department, T. Sargsyan attached importance to cooperation with Sitronics, expressing confidence that this cooperation in the high-tech sector will be mutually beneficial and efficient.
  -   Economy