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Armenian jewel businesses concerned over free economic zone
14:23 * 05.07.14
The owners of Armenian jewelry companies have serious complaints about
the future activities of a free trade zone whose organizer is a
company owned by a Russian-Armenian businessman.
The zone, Meridian, was launched on the territory of AJA Holding in
accordance with a February 14 Government decision. The company belongs
to Gagik Gevorgyan, a Moscow-based Armenian entrepreneur.
Businessmen complain about inequality, with the plan proposing
exemption from the income and profit tax only for the organizing
company and residents of the free economic zone. The problem becomes
more demanding in light of Armenia's upcoming accession to the
Russia-led Eurasian Economic Union.
Speaking to Tert.am, CEO of the Armenian Jewelers' Association Hakob
Darbinyan said they consider equal opportunities to be important for
absolutely all the manufacturers. "Our opinion is that it is necessary
to ensure equal conditions for all, so if anyone enjoys privileges, it
is very bad. We do not urge for depriving the company in question of
that privilege, but dmeand giving those opportunities to all," he
noted.
A total of 1,000 companies engage in the jewelry manufacturing in
Armenia today.
Sources from Meridian claim that the free economic zone is a state
legislative initiative targeted at boosting export.
In further comments to Tert.am, Head of the Economy Ministry's
Investment Policy Department Vahagn Lalayan said the privilege is
granted to all future exploiters, not just one company.
"We seek to invite here well-known firms, such as Cartier, Franck
Muller etc. to manufacture, export and realize [their products] on
their own markets," he said, adding that the free economic zone was
created with the purpose of boosting the third country export.
http://www.tert.am/en/news/2014/07/05/voskerchutyun/
14:23 * 05.07.14
The owners of Armenian jewelry companies have serious complaints about
the future activities of a free trade zone whose organizer is a
company owned by a Russian-Armenian businessman.
The zone, Meridian, was launched on the territory of AJA Holding in
accordance with a February 14 Government decision. The company belongs
to Gagik Gevorgyan, a Moscow-based Armenian entrepreneur.
Businessmen complain about inequality, with the plan proposing
exemption from the income and profit tax only for the organizing
company and residents of the free economic zone. The problem becomes
more demanding in light of Armenia's upcoming accession to the
Russia-led Eurasian Economic Union.
Speaking to Tert.am, CEO of the Armenian Jewelers' Association Hakob
Darbinyan said they consider equal opportunities to be important for
absolutely all the manufacturers. "Our opinion is that it is necessary
to ensure equal conditions for all, so if anyone enjoys privileges, it
is very bad. We do not urge for depriving the company in question of
that privilege, but dmeand giving those opportunities to all," he
noted.
A total of 1,000 companies engage in the jewelry manufacturing in
Armenia today.
Sources from Meridian claim that the free economic zone is a state
legislative initiative targeted at boosting export.
In further comments to Tert.am, Head of the Economy Ministry's
Investment Policy Department Vahagn Lalayan said the privilege is
granted to all future exploiters, not just one company.
"We seek to invite here well-known firms, such as Cartier, Franck
Muller etc. to manufacture, export and realize [their products] on
their own markets," he said, adding that the free economic zone was
created with the purpose of boosting the third country export.
http://www.tert.am/en/news/2014/07/05/voskerchutyun/