President attended the opening ceremony of Kamaz Armenia trade and service center

Today, President Serzh Sargsyan attended the opening ceremony of the Kamaz Armenia Ltd. trade and service center in Yerevan.

The President toured the premise of the center which is opened by the RF largest engineering enterprise – a group of Kamaz companies, familiarized with the investments, capabilities of the center, provided services, and with the long-term investment polices of Kamaz-Armenia which envisage opening in all marzes of Armenia technical service centers and programs aimed at the creation of spare parts supply network. In the newly opened center, the President was informed that investments of Kanaz-Armenia Ltd. into the Armenian economy are 2 million USD. According to the responsible officials, in the future the company will increase its statutory capital. Currently, the enterprise employs 15 workers with the medium annual wage close to 270,000 AMD, and Kamaz-Armenia is planning to double the number of its employees by November, 2013.

The opening of the trade and service center was also attended by the members of the Armenian government, Ambassador extraordinary and plenipotentiary of the RF to Armenia, Secretary General of CSTO, a stockholder of the company Ruben Vardanian, a group of the Armenian and Russian officials.