ArmInfo. The Armenian company "Keir Group" received a deferral of VAT for 3 years to import new equipment. The resolution on this was adopted at a government meeting on September 7.
According to the Minister of Economic Development and Investments of Armenia Suren Karayan, the company intends to engage in the production of cotton, cotton products and wet wipes. To this end, "Kair Group" LLC is going to invest about 720 million AMD (about $ 1.5 million). The phased implementation of the investment program is planned: at the first stage, the cost of the acquired equipment will be about 170 million and 90 new jobs will be created with an average salary of 120,000 in 2018, 140,000 in 2019 and 160,000 in 2020.
ArmInfo's search for more objective information about the company on the network was not successful, except for what can be found on the website of the Agency of the State Register of Legal Entities of the Ministry of Justice of the Republic of Armenia. The founders of the company, which was created quite recently - May 22, 2017, and to which the Cabinet granted a tax credit, are Levon Saginyan and Elena Mikaelyan.