"Balabekyan agro" invests 120 million AMD in creation of intensive gardens in Kotayk region of Armenia

ArmInfo. "Balabekyan agro" LLC invests 120 million drams in creation of intensive gardens in Arzakan community of Kotayk region of Armenia. On December 14, the Armenian government approved the application of Balabekyan Agro LLC for granting a 3-year deferment from payment of value-added tax for import of technological equipment, spare parts and components to it, raw materials, as well as exemption from payment of import customs duties.

As the Deputy Minister of Economic Development and Investments of Armenia Garegin Melkonyan stated, presenting the draft decision, the company plans to establish intensive gardens on 8 hectares. Of the 120 million drams envisaged, 20 million drams have already been invested. Within the framework of the investment program, it is planned to create 18 new jobs with an average monthly salary of 80-90 thousand drams.

According to the state register of legal entities, "Balabekyan agro" LLC was established on July 13, 2017, Azat Balabekyan is the founder.