Placement in the Free economic zone (FEZ) and Fuel power plant
ECOS was established in 2017. In December 2018, Free Economic Zone for the digital cluster and mining infrastructure development was opened in the Republic of Armenia. Fuel power plant of Hrazdan released 200 Mwt on the FEZ territory for the operations of the mining center (capacity: hundreds thousands of miners).
Exemptions from VAT and taxes
ECOS FEZ residents get 0% VAT and will be exempt from taxes for the next 25 years.
Quality assurance and 24/7 support
Now we are an innovative ecosystem based in FEZ. We consist of: data-centers, mining center, venture fund, R&D lab, educational platform, acceleration programs, Armenian Blockchain Forum. We provide 24/7 expert support.
Development opportunities for the enterpreneurs and investors
We offer wide development opportunities to the enterpreneurs (residents) and investors. Residents are provided with the best conditions for innovative business growth; investors can choose from wide variety of the residents' businesses to invest in.
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Mass media about ECOS
A Russian Nuclear Plant Is Renting Space to Energy-Hungry Bitcoin Miners
Late last month, Rosatom State Atomic Energy Corporation opened a mining farm near the Kalinin nuclear plant in Udomlya, 200 miles northwest of Moscow. The company spent more than $4.8 million building the 30-megawatt facility, according to Sergei Nemchenkov, the head of data centers and digital products at Rosenergoatom, a Rosatom subsidiary.
Rosenergoatom isn't planning to mine itself, Nemchenkov said. Rather, it will capitalize on the opportunity to sell additional electricity to heavy users and rent space for their equipment, similar to a data center the firm built near the plant.
Bitcoin halving is the cut of the mining reward in half, which happens every 210 000 blocks. Next time it will happen in 150 days. We believe that halving may bring much more benefits than it may seem to be at first glance.
The coming halving is not the first one to happen: it first went from 50 BTC to 25 BTC, than to 12.5 BTC, where it still is today. So in May 2020 it is expected to be cut to 6.25 BTC.
Some $50 million to be invested in Armenia's fourth free economic zone in Hrazdan
YEREVAN, August 30. /ARKA/. The government of Armenia has approved today an application of Ecos company for creation of a free economic zone in the town of Hrazdan, the administrative capital of central province of Kotayk.
Economic Development and Investments Minister Artsvik Minasyan said the government expects that the decision would stimulate foreign direct investment, increase the country's investment attractiveness, create export-oriented IT products, new jobs and promote sustainable economic development of the country.
Armenia Convenes Global IT Hubs at Armenian Blockchain Forum
Armenian Blockchain Forum – is an informational and educational ecosystem created to combine and consolidate the expertise and experience of the innovative companies, specialists, and entrepreneurs and build a favorable environment for the IT companies development.
"The questions of implementation and use of the distributed ledger technology are becoming more and more relevant every day as it affects all the spheres of our activity" – says The Minister of Economic Development and Investment Suren Karayan in his welcome letter to the participants of the forum.
Establishment of a Free Economic Zone in Hrazdan approved by the Government of Armenia
The organizer of the SEZ is ECOS, which will be responsible for the development of the technology cluster.
The main task of the SEZ will be the creation of infrastructure for the development of high-tech projects in Armenia, working on the basis of a distributed registry, artificial intelligence and machine learning.
"Orion Group" CJSC will invest $ 200 thousand in "Ecos" free economic zone in Armenia
"Orion Group" CJSC will invest $ 200 thousand in the "Ecos" free economic zone in Armenia. At the meeting of August 15, the RA Government issued permission to the company to carry out its activities in this area.
Presenting the draft decision, RA Minister of Economy Tigran Khachatryan emphasized that the permission to Orion Group CJSC was issued....