Tigran Sargsyan: Armenian-Italian collaboration can serve as a catching example

May 13, 2009 - 13:39 AMT
PanARMENIAN.Net - RA Prime Minister Tigran Sargsyan participated in the opening ceremony of Litokol Armenian-Italian Factory, RA Government Press Service reported.



The company was founded in 2007 and is engaged in glue and gluing putty manufacturing. 60% of company's basic capital was provided by Armenian side, and 40% by Italian one.



The factory is provided with the most up to date equipment, and offers around 40 work places. In future this figure will double.



Prime Minister Tigran Sargsyan expressed a hope that Armenian-Italian collaboration can serve as a good example of a possibility to develop business even in financial crisis circumstances. "RA Government will provide all round assistance to Litokol Armenian-Italian Factory and similar undertakings," he stated.
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