ArmInfo. A number of light and alcohol industry enterprises will be provided with state support. The Armenian government at the meeting on April 5 granted tax preferences in the form of exemption from payment of import customs duties.
As the Minister of Economic Development and Investments Suren Karayan stated, presenting the application of "Armenia Vine" company on exemption of import customs duty on imported equipment, within the framework of the investment program, it was necessary to import an additional batch of equipment for 552.5 million AMD.
LLC "Alex Textiles" also applied for a tax exemption on exemption from payment of import customs duty on imported equipment and raw materials for a sum of 706.3 million drams. The company, which, according to media reports, belongs to the family of the National Assembly deputy from the ruling Republican Party Samvel Aleksanyan, plans to create 80 new jobs with an average monthly salary of 70 thousand AMD within the framework of the investment program. The production for the amount of 638.8mln AMD will be sold on the territory of Armenia, the products worth 833.6mln AMD will be exported to Russia, and 2.5mln AMD will be exported to Italy. By another decision, the Cabinet of Ministers approved a similar application by Zenny (a trademark of Sali), engaged in the production of footwear and accessories. The tax privilege will extend to the import of equipment and raw materials for a total cost of 69.5 million AMD. Within the framework of the investment program, 10 new jobs will be created with an average monthly salary of 80 thousand AMD. Part of the produced products will be sold on the territory of the Republic of Armenia, the rest will be exported to the Unified Energy System and Georgia.
