Thursday, August 22 2019 12:36
Naira Badalian

Armenian government approved the investment program of three  companies, the total budget of which will be about $ 22 million

Armenian government approved the investment program of three  companies, the total budget of which will be about $ 22 million

ArmInfo. On August 22, the Armenian government approved the investment program of three companies, the total budget of which will be 11.3 billion drams  (about $ 22 million), providing them with a benefit in the form of  exemption from import customs duties on imported technological  equipment, their components and accessories, raw materials.

According to the Minister of Economy of Armenia Tigran Khachatryan,  "AFA" LLC filed an application for the provision of tax benefits in  order to organize the production of brake pads in Yerevan. According  to the Minister, the organization is in the process of transferring  production from the UAE to Yerevan. The investment program is  estimated at 300 million drams. At the first stage of production, 20  jobs will be created within one year, another 35 during the second  year, the average monthly salary will be 150 thousand drams. The  annual volume of production will be 770 million drams, products for  200 million drams will be sold in Armenia, 530 million drams in the  EAEU countries, the rest - in third countries.

The Lentex company, founded in 2001 and engaged in the production of  knitwear, plans to create an additional 50-60 jobs as part of the  current investment program (382 employees already work in the  enterprise). The total volume of LLC products will reach 4.5 billion  drams, 1.4 billion drams of which will be sold in the territory of  the Republic of Armenia, the rest will go to the markets of the EAEU  and third countries.  According to the head of the Ministry of  Economy, ProfAl LLC, which has been manufacturing aluminum  structures, doors and windows since 2002, plans to invest 1 billion  drams for the acquisition of equipment and the construction of  production areas during the current investment program. Another 8.2  billion drams will be allocated for the purchase of raw materials.  Today, 281 employees work in the enterprise, as part of the  investment project, 50 more jobs will be created with an average  monthly salary of 280 thousand drams.  The planned volume of output  will be 20 billion drams: products worth 12 billion drams will be  sold in the RA, the rest - in the EAEU and third countries. 

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Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

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200 million

Yield at cut-off price

 5.8314%

Maximum yield

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Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

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Средневзв. Цена

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