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Beeline and SPB TV launch IPTV in Armenia

VTB Bank (Armenia) launches deposit action

Expert: Democratic Nagorno-Karabakh will never become part of Sultan- ruled Azerbaijan

Upgraded offices of VTB bank (Armenia) in Gegarkunik region start working in a new format

Hovik Abrahamyan: Government of Armenia intends to form a favorable tax system for development of small and medium enterprises

On Apr 29 Armenia to sign agreement on joining Customs Union

Environmentalists launch campaign to save Lake Sevan

Political expert: "Orinats Yerkir" party will soon join the "four"

Member of the parliament: RPA may alone take responsibility

ARFD not to join ruling coalition

David Babayan: Elmar Mammadyarov's last statement about Azerbaijan's readiness to grant Nagorno-Karabakh autonomy was absurd

Press-secretary: Prosperous Armenia Party will go on watching further actions by the Orinats Yerkir Party (Law Governed Country Party)

Political expert: The statement by US ambassador to Azerbaijan is a result of Armenia's voting on the Crimea

ArmenTel's subscribers to shortly enjoy IP television

Vahe Hakobyan: Investments must create jobs

Politician: "Republican Party of Armenia deporting Armenians from their motherland"

In corporate strategy for 2014 Araratbank gives special priority to activities of businesswomen

Rostelecom provides a number of educational establishments in Abovyan with free superhigh- speed Internet services starting from March 1

Areximbank-Gazprombank Group to provide customers with free non-chip MasterCards under a campaign for motorists

MasterCard holders among VTB Group's Armenian customers can withdraw cash from VTB Group's ATM network at the same tariffs as at VTB Bank (Armenia)

Orange offers an innovative solution for internet and fixed phone services

Lyova Khachatryan: Prosperous Armenia Party will not demand resignation of Armenian President

Political expert rules out an external factor in Tigran Sargsyan's resignation

Edward Nalbandian and Seyran Ohanyan reappointed

Armenian political expert skeptical about viability of "the union of the four"

Moscow: Fulfillment of "road map" will allow Armenia to join Customs Union and Eurasian Economic Union

Gagik Makaryan: Appointment of Hovik Abrahamyan as Prime Minister is intended to ease political and social tension in Armenia rather than deepen reforms

Tatul Manaseryan: Hovik Abrahamyan is able to find a common language even with the opposition

Naira Zohrabyan: The new premier of Armenia should not continue the programme of his predecessor

Deputy Head of Heritage Party: Appointment of Hovik Abrahamyan as prime minister aims to tie Prosperous Armenia Party's hand and foot

Member of the parliament: Hovik Abrahamyan is a compromising man at the position of Armenia's prime minister

Boris Navasardyan: Appointment of Hovik Abrahamyan as prime minister meets oligarchs' aspirations

Hovik Abrahamyan starts forming the new Cabinet

Stepan Safaryan: Conflict of business-interests of Tsarukyan and Kocharyan is not ruled out in the near future

Moscow: One should draw no parallels between Crimea and Nagorno-Karabakh

Tigran Urikhanyan: Prosperous Armenia Party does not consider joining ruling coalition

Serzh Sargsyan: State budget is inviolable and bribery is forbidden

Sources: Along with prime minister’s post, RPA determined to make some other staff reshuffles – Sharmazanov taking parliament speaker’s position, Haroutiunyan going back to the justice ministry, while Sargsyan to engage in diplomacy

Ruling Party entrusts Hovik Abrahamyan with power of prime minister

Regional

Vice-Speaker of Israeli Knesset to Deliver in Tbilisi Lecture on Israeli-Arabic Relations

German Chancellor Invites Garibashvili to Visit her Country

Georgian Foreign Minister to Visit Germany

Georgian Foreign Minister Attends International Conference in Vilnius

President to Have Exclusive Right to Grant Georgian Citizenship

NATO Week in Georgia Starts Today

Discussion of the Azerbaijani-Iranian relations on Culture and Tourism

Chief of General Staff of the RF to visit Baku

Ilham Aliyev will visit NAR

Georgian Premier Starts his Regional Tour

Georgian President to Hold Talks in Poland

Georgian Prime Minister Meets with EU Special Adviser

Erdogan is arriving in Baku

Simplification of the visa regime between the EU and Azerbaijan may occur in the summer

U.S. Embassy: Any allegations that US government representatives are trying to foment a revolution in Azerbaijan are absolutely absurd

Foreign Minister of Afghanistan to Pay Official Visit to Georgia

Georgian Foreign Ministry Makes Strict Statement, Concerning Referendum in the Crimea

President Margvelashvili Meets Georgian Troops, Deployed in Afghanistan

Georgian Premier and Afghan Foreign Minister Discuss Two Countries' Relations

Georgian Premier Holds Official Dinner in Honor of Romanian Prime Minister

Analyst: The USA invested $5 billion to directly support Maidan

Georgian Ambassador to Japan Hands over Credentials to His Imperial Majesty Emperor Akihito of Japan.

Tbilisi Hosts Annual PDP Conference

NATO May Accelerate Georgia's Integration and Grant it MAP because of the Crimea Problem

Georgian Ambassador to Lithuania Addresses Seimas

Iranian Deputy Foreign Minister in Baku

Gerhard Schroeder will make a speech in Baku

Putin is unable to persuade the leader of the Crimean Tatars

Georgian Defence Minister Attends NATO Defence Ministerial

Saakashvili is Offered High Post in Kiev

Exclusive

Vahe Hakobyan: Investments must create jobs

Sergey Markedonov: People living in Crimea and Karabakh saw no future for the countries they were attached to

Vahram Avanesyan: It is impossible to achieve serious results by means of standard and framework reforms

Wayne Merry: Situation around Ukraine is a serious alarm that the South Caucasus political nucleus must be seriously revised

Dariusz Prasek: EBRD demands absolute transparency from companies

Sargis Hatspanyan: When it comes to the change of regime in Armenia, the West washes hands of it

Andrey Yepivantsev: Only time may show if we have opened Pandora's box in the Crimea or not

Giorgi Tarkhan-Mouravi: Confrontation around the Crimea will speed up Ukraine's European integration

Ivan Kukhta: Ukraine has received a chance to be totally reset

Vaidotas Verba: Eastern Partnership project is not directed against anybody, it is simply for open opportunities

Vladimir Yevseev: The only way out of the situation in Ukraine for the West is through negotiations with Russia

Edward Sharmazanov: The principle of peoples’ right to self-determination tends to dominate in the world

Gevorg Poghosyan: Armenia is on an explosive-timing device and may explode at any moment

Sergey Grinyayev: Armenia has just to realize its status of an essential partner for Russia

Grigory Tishchenko: Strengthening of Russia’s positions in the South Caucasus will contribute to peaceful settlement of the Nagorno-Karabakh conflict

Artak Shakaryan: Armenia and Diaspora should be ready for Turkey’s imitative policy in the matter of Armenian Genocide recognition

Hovhannes Igityan: Only reason why they 'invited' Armenia into the Customs Union was to show Europe who wears the pants in the post-Soviet area

Alexander Voronin: ANELIK has almost 20% of all money transfers in the CIS

Armenia to produce unmanned aircrafts for EU and Northern America

  • by Arthur Yernjakyan

  • Thursday, January 30, 18:16

Instigate CJSC, Armenia, will invest nearly $1 million in production of multifunctional unmanned aircrafts and automated control systems for them, Karine Minasyan, Deputy Minister of Economy, said in the Government, Thursday.

 

The Government has licensed Instigate Robotics CJSC (subsidiary of Instigate CJSC) for exploitation of free economic area Alliance in the territory of Mars RAO.  The deputy minister said the company plans to create 25 highly-paid jobs. The production space of the free economic area Alliance will total 200 square meters. Sitronics Armenia CJSC will lease the given area for $8 per sq m for a period of 10 years. The output will be exported to Northern America, Europe, Middle East and the former Soviet countries. The company plans to export up to $1.9 million products, the deputy minister said. The company has already mastered the technology of production of two models of unmanned aircrafts Educotper and Photocopter.

 

Prime Minister Tigran Sargsyan, in turn, said the Government has approved rather serous economic programs, including manufacture of Armenian tablets that will be launched already in the current year.  It is the second solid investment program, he said.

 

Instigate Robotics is a spin-off company of Instigate CJSC launched in 2013. Instigate Robotics is specialized in robotics and industrial automation solutions such as Unmanned Aerial Vehicles (UAV), 3D printers, CNC devices and robotics kits for schools. Instigate cjsc is an engineering company with hardware and software teams based in Yerevan and four other cities of Armenia. The company is represented in the US, EU, Israel and Georgia. The company is specialized in Electronic System Level design and modeling, EDA software design, software acceleration and parallel programming, using modern technologies such as AMD/NUMA and NVIDIA/CUDA. Instigate cjsc was founded on July 6, 2005.

 

 

The subsidiary of Sitronics OJSC, SITRONICS ARMENIA CJSC, created the first free economic area in Armenia on 1 August 2013.  The subsidiary has been created in order to centralize the management of the CJSC Mars plant and three scientific research institutes, and the management of a free economic zone, which is created on these sites.  The residents of the free economic are will act on the principle of 'one window' and enjoy favorable tax field.

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