ArmInfo.The Armenian company Arm-Fine will invest 130 million drams in the development of production.
At a meeting on May 16, the RA government satisfied the company's application for exemption from customs payments for importing the necessary raw materials.
According to the Minister of Economic Development and Investments of the Republic of Armenia Tigran Khachatryan, the company specializes in the production of special working clothes. It has been operating in Yerevan since 2002. Currently, the company employs 12 people with an average salary of 100 thousand drams. With the expansion of production, the number of employees of the company will increase by 3-5, the average salary of which will be 80 thousand drams. With the implementation of the new investment program, production at Arm-Fine will be raised to 230 million drams, of which production for 180 million drams will be sold in the republic, and for the remaining 50 million drams in the EAEU countries. In 2018, as the minister noted, the company transferred 6.1 million drams to the state budget. -