ArmInfo.The "VABA" company additionally invests 229 million drams in the production of anti-hail networks for agricultural purposes. By the decision of the Government of February 6, the company is again exempted from VAT payments for imported equipment and inventory for three years.
As noted in the certificate - the rationale of the draft decision, the company intends to organize production in Vanadzor, the third city of Armenia by importance and size. On June 21, 2018, "VABA" LLC was exempted from VAT payments by the government's decision, and then the investment program should have reached 2.25 billion drams. As of today, the volume of investments amounted to 2.15 billion drams, 26 new jobs were opened. At the first stage, the company received benefits for the import of equipment in the amount of 102.9 million drams. Currently, in the framework of the second stage, equipment worth 126.2 million drams will be delivered. In the framework of the program in 2018-2020 24 new jobs will beopened with an average salary of 320 thousand drams.
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