Prime Minister: The state is ready to subsidize commercial credits of producers of light industry products

ArmInfo. The state is ready to  subsidize commercial loans, which are aimed at expanding the  production of light industry and creating new jobs. On April 13,  during the meeting with representatives of companies engaged in light  industry, Prime Minister of Armenia Karen Karapetyan stated. "With a  goal of development of the industry, the state is ready to promote  the effective implementation of programs in this sector," the Prime  Minister said.

In their turn, manufacturers presented to the Premier concrete  investment initiatives, through which several thousand new jobs will  be created in Armenia. In this regard, Karapetyan instructed the  Ministry of Economic Development and Investments to consider the  proposed initiatives in detail and move forward.  "Our task is to  ensure an equal competitive field", he stressed.

According to the source, during the discussions, participants also  touched upon the questions regarding the VAT refund terms, customs  clearance conditions for the import of raw materials, training and  retraining of specialists in the field.

To recall, according to the data of 2016 in the sector of light  industry of Armenia there are 167 enterprises, the production of  which amounted to 13.1 billion AMD (with an annual growth by 16.1%),  and export of products of this sphere - 7.58 billion AMD (with annual  growth by 71.8%). In the sphere of light industry, 3,927 people work.