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Government Grants Three-Year Vat Payment Deferment To Ararat Food Fa

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  • Government Grants Three-Year Vat Payment Deferment To Ararat Food Fa

    GOVERNMENT GRANTS THREE-YEAR VAT PAYMENT DEFERMENT TO ARARAT FOOD FACTORY

    YEREVAN, October 16. / ARKA /. The Armenian government has granted
    today a three-year VAT payment deferment to Ararat Food Factory for
    importing equipment worth over 300 million drams.

    Economy minister Karen Chshmarityan said the company plans to import
    ten large trucks to carry out also cargo transportation.

    He said the trucks will ensure a stable circulation of products and
    increase the volume of exports.

    In 2010 the company established a factory for the production of natural
    juices and created more than 100 jobs as part of its first-phase 1.6
    billion drams worth investment program.

    The minister said the company is carrying out the second phase of
    the investment program worth 600 million drams in order to expand the
    product range. He said due to new equipment the company will process
    also tomatoes, apricots, peaches to get high quality raw materials
    for the production of canned products.

    Ararat Food factory is producing now natural juices and nectars, teas
    and canned food, selling about 80% of the output in the CIS countries
    and Europe under the brands "Ararat", "Lina" and "Josie." -0--

    http://arka.am/en/news/business/government_grants_three_year_vat_payment_deferment _to_ararat_food_factory/#sthash.aeWm55sR.dpuf

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