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RA government allows Jermuk International to postpone VAT payment
November 11, 2010 - 17:00 AMT 13:00 GMT
PanARMENIAN.Net -
During the November 11 sitting, the Armenian government allowed Jermuk
International company to prolong the term for VAT payment in case of
equipment import at the amount above AMD 300mln as part of an
investment program.
Under the investment program, the company envisages establishment of a
modern plant in Yerevan for soft drinks and natural juice production.
The plant will start operating in July 2011.
Armenian Deputy Minister of Economy Karine Minasyan said that the
plant will be supplied with modern equipment, while investments as
part of the program will amount to AMD 5bln, including AMD 2.8bln for
purchase of the equipment.
`At least 120 new jobs with an average salary of AMD 120,000 will be
created as part of the program implemented by the company,' she said.
Karine Minasyan noted that the total volume of investments as part of
the program implemented by the government made AMD 30mln, as a result
of which 1,050 jobs will be created.
Armenian Prime Minister Tigran Sargsyan added that a potential for
economy's development is created in Armenia. `Similar programs will
contribute to its diversification,' he said.
From: A. Papazian
November 11, 2010 - 17:00 AMT 13:00 GMT
PanARMENIAN.Net -
During the November 11 sitting, the Armenian government allowed Jermuk
International company to prolong the term for VAT payment in case of
equipment import at the amount above AMD 300mln as part of an
investment program.
Under the investment program, the company envisages establishment of a
modern plant in Yerevan for soft drinks and natural juice production.
The plant will start operating in July 2011.
Armenian Deputy Minister of Economy Karine Minasyan said that the
plant will be supplied with modern equipment, while investments as
part of the program will amount to AMD 5bln, including AMD 2.8bln for
purchase of the equipment.
`At least 120 new jobs with an average salary of AMD 120,000 will be
created as part of the program implemented by the company,' she said.
Karine Minasyan noted that the total volume of investments as part of
the program implemented by the government made AMD 30mln, as a result
of which 1,050 jobs will be created.
Armenian Prime Minister Tigran Sargsyan added that a potential for
economy's development is created in Armenia. `Similar programs will
contribute to its diversification,' he said.
From: A. Papazian