JSC “EKOS” (ECOS), which had received the approval of the government of Armenia on the application for the opening of a free economic zone with a data center for mining in Hrazdan is now signed him to the appropriate official contract and was appointed head of the FEZ Carmine, Zeytuntsyan, who earlier held the post of Chairman of the state Committee for tourism of the Ministry of economic development and investment.

“The residents of FEZ ECOS get a zero rate of VAT and will be exempt from income tax for 25 years”, – stated in the message of the company.

Under the agreement, ECOS will develop organizational structure and management system residents and organizations on the territory of FEZ, as well as create and implement a strategy for its promotion in the world “to attract highly qualified professionals, technology companies and the investment of resources.”

Important issues are the preparation of documents for residents and the SEZ. In addition, the Director of the SEZ needs to create the infrastructure for blockchain and AI projects, to attract investment and new residents, as well as to establish long-term relations with the Armenian Diaspora around the world.

Recall that recently the Armenian concern Multi Group international Tech company Omnia has launched in Yerevan one of the world’s largest mining farms – from 3 thousands of devices for the production of bitcoin and Ethereum. According to the head of Multi Group , Gagik Tsarukyan, investment in the creation of the farm made $50 million.