Euroset Comes to Armenia

Is this a sign that local monopolies may soon face international competition?

“Euroset” Company - one of the largest retailers in Russia and the CIS states, today announced the opening two shops in Yerevan...by the end of the year there will be 30 shops of the net opened in Armenia.

We are happy to announce the opening of the “Euroset” shops in Armenia – the eleventh country, where our company functions. Now a good choice of mobile phones, digital equipment with traditionally low prices for the company will be available for our customers in Armenia. As in all the other countries, we will offer the customers in Armenia high standards of quality service”, the President of “Euroset” Eldar Razroev stated.

They already have 5,100 shops across the CIS, and in 2006 had sales of over $4.62 billion. Other international companies will be making their way to Armenia soon, if this is any indication.

Source: Banks.am