In FEZ "ALLIANCE" private sector to carry out 4.5 million euro investment plan in pharmaceutics

YEREVAN, JULY 16, ARMENPRESS. The Government of Armenia will grant exploitation permit for pharmaceutical activities to "Farmatek" CJSC in the free economic zone "ALLIANCE", established in the territory of “RAO-Mars” CJSC. The corresponding bill is included in the agenda of July 17 Government session. As reports “Armenpress”, the exploitation permit is valid for a period of 3 years with a possibility of prolonging.

"Farmatek" CJSC intends to make 4.5 million euro investment for the production of injection medicine. The company has already made 1.2 million euro investment in equipment and "clean areas", in order to expand the range of products, including eye drops and pills. During the first 5 years of activity in FEZ, the company's staff list will increase up to 94 employees, and the wage rate will be above the average.