September 24, 2009 - 15:53 AMT
Sitronics registered subsidiary company in Armenia
Russian Sitronics company which is engaged in reprocessing products and providing solutions in IT, telecommunication and microelectronics spheres has registered a subsidiary company in Armenia ("Sitronics Armenia").

Earlier, Vache Kirakosyan Head of Economy Ministry's High-Tech and IT Department, told a PanARMENIAN.Net reporter that Sitronics Armenia planned to create free economic zone in Mars factory and Mergelyan Automated Control Systems Scientific Research Institute.

He also said that Sitronics and RA Government planned to create a joint venture fund in the amount of $ 40 million. In case of company's successful activity, the sum will increase to $80-90 million.