TIGRAN SARGSYAN: ARMENIAN-ITALIAN COLLABORATION CAN SERVE AS A CATCHING EXAMPLE

/PanARMENIAN.Net/
13.05.2009 12:39 GMT+04:00

/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.