ArmInfo.The "Ribek" company invests in its own textile production in the Armenian city of Charentsavan an additional 480 million drams. At the March 14 sitting, the government of the RA approved the company's application for the release of customs payments for the import of equipment and raw materials.
As it is noted in the help report of the draft decision, the company has already invested 70 million drams in the creation of the enterprise. Within the framework of the investment program, it is planned to create 50 new jobs with an average salary of 100-150 thousand drams. The total output will be 720 million drams, of which 130 million drams will be sold in Armenia, 440 million drams in the EEU countries and 150 million drams in third countries.
To recall, on March 7, the executive body exempted the company from VAT payments for a period of three years. As Minister of Economic Development and Investments of the Republic of Armenia Tigran Khachatryan, noted at the time, this is a new enterprise, within the framework of which investment program it is planned to organize the production of textiles.
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