"FRANK MULLER" SWISS COMPANY INVESTED $1.3 MILLION INTO ARMENIAN ECONOMY

PanARMENIAN.Net - "Frank Muller" Swiss company has already invested $1.3 million into the economy of Armenia. As reported by "Arminfo" agency, one million out of these was invested into organizing production of golden frames for elitist and expensive mechanical watches. Investments were also necessary to repair the building and supply eight high-level technology machines each worth $80 thousand. In the words of Swiss company Yerevan representation director Georgiy Muradian, there are no such machines in the entire CIS territory. In a month and a half or two months production of watch frames will be started in Armenia. The watch frames then will be sent to Switzerland to be assembled by hand. The gold to produce the frames is planned to be bought outside Armenia. The cost of the watches produced by the company fluctuates within $18-80 thousand. Besides watch frame production "Frank Muller" is engaged in golden decoration production in Armenia. $300 thousand were invested to create the relevant production basis. Let us note that "Frank Muller" has a representation only in Armenia.