Armenian-Czech agreements come into reality: Tatra Тrucks to establish factory in Armenia

The agreement reached between the Ministry of Economic Development and Investments of Armenia and Czech company Tatra engaged in truck production come into reality.

Suren Karayan, Minister of Economic Development and Investments,  told “Armenpress” that according to the mentioned agreement a factory will be established in Kotayk region. The Minister informed that the establishment of the factory is based on the memorandum signed between Tatra Тrucks and Zenon Ltd.

“In a meeting with the representatives of the company we discussed the possibilities of starting a production in Armenia,” Suren Karayan said. Minister Karayan had met with the Czech businessmen on January 18.

Representative of the company Jiri Vabra had presented a preliminary proposal of developing Yerevan’s public transport. He had stated that Armenia is the first post-Soviet state with which the company plans to cooperate.

The sides have agreed to keep in constant touch to implement the future works and the projects of the company. Tatra company was established in 1850. The capitalization of the company amounts to 3.7 billion Czech Krona (USD 148 million).