“Bagezian” to Make Jewelry in “Meridian” Jewelry Free Economic Zone
The number of exploiters in “Meridian” Free Economic Zone will increase. It’s anticipated to provide a Free Economic Zone operating permit to “Bagezian” company at today’s RA NA session, to function in the field of jewelry. The permit is allocated for 9 years. “Bagezian” company, upon the government project intends to extend volume of investments to USD 68.5 million throughout 9 years. In the period of forthcoming 5 years at least 70 workplaces will be initiated, with average salary of USD 250-500. The company will have 700m2 production area in the Free Economic Zone.
The Company anticipates to enlarge export mainly to Russia, EEU member countries, the USA, Canada, EU member countries, UAE, Hong Kong, Mexico, Iraq, Israel, providing annual export volume within USD 9.5 million in near future.
Newly established “Bagezian” LLC is a member of “BaG Jewelry,” which has 30 years of work history in international jewelry. The Company possesses more than 10 thousand items.
By Gayane Khachatryan
