Swiss Ambassador to Armenia Lukas Gasser: Switzerland will try to contribute to a peaceful settlement of the Nagorno-Karabakh conflict without questioning the established formats such as the OSCE Minsk process
by Marianna Mkrtchyan
President of Armenia Serzh Sargsyan traveled to Goris as part of his working visit to Syunik Region, Armenia, Thursday. According to ArmInfo's correspondent, the president visited a local company Goris GAMMA.
The enterprise has been engaged in development and batch production of absolute and incremental digital converters of coax for 20 years. The production is mainly exported to Russia.
In addition, the plant produces low-power commutator motors used in production of household goods. Director General of Goris GAMMA OJSC Tigran Karapetyan says the plant produces special equipment for the Russian Defense Ministry.
"A new investment project will be signed with a German company shortly. At the initial stage, investments will total 1 million dollars. Negotiations have been successfully competed and the enterprise will be supplied with new machine tools for metal processing shortly," he says.
The company employs 75 people at the average4 salary of 140,000 drams. The company's production for the 8 months of 2013 amounted to 238 mln drams, which is 23% more than a year ago.