ARMENIA TO HAVE FREE ECONOMIC ZONE THIS YEAR
The Messenger
March 21 2012
Georgia
Armenian Minister of Economy, Tigran Davtian, announced that in 2011
industrial zone growth in Armenia was 12.1%. This was achieved by
promoting traditional as well as new sectors of the economy.
The volume of imports reached almost $2.5 billion USD, which is almost
20% of GDP. According to Davtyan, the country plans to double its
export volume in the next three years.
In addition, in September 2012 Armenia will establish its first
free economic zone. The country is pinning its economic hopes
on progressive reforms in the legislation system, as well as the
promotion of investment projects.
From: A. Papazian
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