On April 1 "Tufenkchi Group" pharmaceutical company was opened in Jrvezh. The company has been established by Syrian-Armenian businessmen. Minister of economic development and investments of RA Suren Karayan, Healthcare Minister Levon Altunyan, and Diaspora Minister Hranush Hakobyan attended the opening ceremony.

Minister of Economic development and investments of RA Suren Karayan highlighted the fact that the company is established by Syrian-Armenians, and expressed the Ministry’s support to all Diaspora-Armenians in such initiatives. “This initiative is important for the development of the pharmaceutical sector, which has a rather big potential and prospect, which isn’t yet realized”, Karayan said.

CEO of the "Tufenkchi Group " factory Carlo Gaspar, in his turn, expressed gratitude to the Minister for the support.

He said that the company plans to produce 350-400 thousand USD worth of production in 2017 and create 25-30 jobs.

“In the future it is planned to expand production, which will result in an addition 50-60 jobs. We closely cooperated with the Minister of economic development and investments. The Ministry showed us the shortest and easiest way in order to accelerate the company’s launch”, he said. According to him, the factory plans to export production to Syria, Lebanon, Jordan, Libya, Algiers, Yemen and others.