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Greek Company to Build Underground Parking in Yerevan

Greek company Teotek is set to implement an automatic underground parking construction project in the capital city of Armenia Yerevan, as announced by the official site of Yerevan Municipality.

Representatives of the company met with Yerevan Mayor Karen Karapetyan on Tuesday in order to discuss issues regarding the collaboration between the city hall and the company.

General Director of the company “Teotek” Konstantin Aloupis informed Karapetyan of the company’s main fields of expertise, such as advanced technology, automated management of parking, health care, hotel business, and others.

The two sides signed a memorandum at the end of the meeting. “Very soon the working group will submit a report on the projects mentioned in the memorandum, and the parties will start negotiations on investment plans”, said a representative of the Armenian municipality.

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