March 22, 2011 - 12:09 AMT
Armenian electrical appliances manufacturer to enter Iranian market

“Elektrasarq” ojsc, an Armenian electrical appliances manufacturer, is going to enter the Iranian market.

By the end of April, the company will dispatch the first lot at the amount of $50 thousand, executive director Karen Sargsyan told journalists in Yerevan.

Currently, the company employs 145 people. 98% of production is exported to Russia, Ukraine, Belarus, Kazakhstan and Uzbekistan, with the annual turnover totaling AMD 400-500 million.