Thursday, 28 April 2011
Government keeps on offering privileges to investing companies
“Today the government passed two more enterprise-supportive decisions and this process will be continued ahead,” Minister of Economy Tigran Davtyan said during the briefing that followed the cabinet sitting.
According to the Minister, some twenty companies have already been granted VAT holidays for a period of 3 years for temporary imports to the cost of over AMD 300mn.
Tigran Davtyan introduced those companies, including Amster Flowers Ltd which is setting up a greenhouse complex to a total cost of euro 1,500.000. The company is going to use state-of-the-art technologies imported from the Netherlands to process food and vegetables generating some 60 new jobs. The output will be realized in both the home and foreign markets.
The next company is Nubarashen Poultry Farm OJSC which will be processing fowl by means of imported equipment. The project has an overall budget of euro 1.100.000 with more than 100 jobs to be made available.
“Note that this policy line will be continued: currently the Government and the Ministry of Economy, in particular, are looking into the matter sector by sector, enterprise by enterprise. Serious discussions have been held on metallurgy, information technologies, food and diamond processing,” Tigran Davtyan advised.
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