ArmInfo. At the March 29 meeting, the Government of Armenia decided to postpone the payment of VAT and customs payments by the VABA Company in order to implement the third stage of the investment program.
According to Minister of Economic Development and Investments of the Republic of Armenia Tigran Khachatryan, the company operating in the city of Vanadzor, Lori region, has already made investments in the production of hail systems in the amount of 2.25 billion drams. In the framework of project 24 jobs has been opened. Currently, the company is embarking on the third, most ambitious phase of the program, under which it is planned to invest 9 billion drams in the expansion of production, which will open an additional 25 new jobs. Benefits for VAT and customs payments are provided in order to import equipment and raw materials.
To note, the "Vaba" company together with the "CARMAC Group" Italian company established in Vanadzor a plant for the production of anti-hail systems. According to the results of the implementation of the investment program at the plant, it is planned to produce hail nets for grape gardens, for intensive and traditional gardens.
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