ArmInfo. In order to launch dormant privatized production structures, it is necessary to use economic instruments, Chairman of the NA Standing Committee on Economic Affairs Khosrov Harutyunyan said at a press conference on February 21.
One of the most effective methods, according to the deputy, may be an increase in the property tax of such non-performing industries. As a result, the content of this structure will be quite costly for the owner, for whom it will be much more profitable to alienate or sell the production facility to a more efficient investor. At the same time, Harutyunyan emphasized that raising the property tax will be aimed at solving fiscal problems. "The proceeds will be put into circulation," he stressed.
In addition, H. Harutyunyan noted that the heads of communities are also interested in restarting non- working facilities. According to the deputy, with the restart of production facilities it is necessary to send part of the money paid from the profit tax to the local budget, which will become a motivation for the local authorities in the search for investors. "Our task is to find such efficient investors who will give a new economic life to idle production facilities of social significance. And potential investors are both abroad and within the country, "he said, citing a significant increase in deposits in the banking system of Armenia. In this regard, he explained that in Armenia there is a trend of greater confidence in the banking system, rather than in the economy. "The number of idle enterprises is not so much worried, but their availability as a whole," he concluded, noting that today this issue is the subject of numerous discussions in the government.
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