"EUROSET" STOPS PURCHASING IN ARMENIA

Panorama.am
12:14 26/05/2009

Famous Russian company purchasing cell phones "Evroset" leaves the CIS
countries. Leaving some Baltic countries, Uzbekistan and Azerbaijan,
the directors’ board made a decision to close their branches in
Armenia and Moldova also.

Alexander Malis, the director of the company told "Kommersant"
that they were going to close 12 shops in Armenia and 32 in
Moldova. According to the director the company will close its shops
in Kyrgyzstan and Belarus also.

"That was a strategic mistake to purchase in those markets, as the
former shareholders thought that expending the net the cell phones
would be more expensive," Malis told.