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68 Small Entities Established In Agricultural Spere

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  • 68 Small Entities Established In Agricultural Spere

    68 Small Entities Established In Agricultural Spere

    ArmRadio.am
    11.08.2006 17:14

    In 2005-2006, 68 small entities, which need serious financial and
    legislative support, were established in the agricultural sphere of
    Armenia, RA Minister of Agriculture David Lokya informed during a
    working talk with the Armenian President Robert Kocharyan.

    Press service of the president reported that pointing out importance
    of this aspect, Kocharyan said that a long-term program should be
    worked out and the reprocessing branch must become the main driving
    force of agriculture's development, ARKA reported.

    During the meeting sides pointed out that starting from January 1,
    2009, VAT will be imposed on agricultural goods in
    Armenia. Particularly there is an agreement on exemption from VAT
    those rural economies, turnover of which does not exceed AMD 8
    mln. For others VAT rate will be set at 8-12% level, which can have
    serious influence on their activities.

    Kocharyan inquired about the present situation in the sphere of
    agriculture of the republic, problems of villagers, as well as
    governmental support to this sphere.

    From: Emil Lazarian | Ararat NewsPress
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