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Hothouse Sector Fostered In Armenia With The Dutch Experience

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  • Hothouse Sector Fostered In Armenia With The Dutch Experience

    HOTHOUSE SECTOR FOSTERED IN ARMENIA WITH THE DUTCH EXPERIENCE

    PanARMENIAN.Net
    September 15, 2011 - 13:56 AMT

    PanARMENIAN.Net - On September 15 meeting Armenia's Government approved
    of a decision on granting Ecotomato CJSC extension on debt payment
    of VAT for the second time with an amount of AMD 680 million.

    The company aims to found hothouse economy for growing A class roses
    in the village of Goght in Kotayk Region with advanced technologies
    of the Dutch company Dalsem.

    Tigran Davtyan, Armenia's Minister of Economics said that Armenia's
    government has already assisted the company and approved of a decision
    on extension of VAT payment for AMD 1,9 billion which was spent on
    importing equipment. Today's decision will allow the company to ease
    tax burden on import of modern equipment. According to him the volume
    of company's investments will total AMD 2,6 billion, which will result
    in opening 30 new working places.

    Ecotomato CJSC expects to mark the beginning of works of hothouse
    economy in the first quarter of 2012. The product will be fully
    exported to Russia.

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