ArmInfo. Nicola International Armenia LLC will invest 1.6 billion drams in the expansion of production. At the January 16 meeting, the Government of the Republic of Armenia approved the application of the company to exempt it from customs payments for imported equipment and raw materials.
According to the Deputy Minister of Economy of the Republic of Armenia Avag Avanesyan, the total cost of the investment program of the company will be 3.3 billion drams. LLC is engaged in the processing of olives in the Kotayk region of the republic. Since 2018, the company has been exporting its products, the raw materials for which are supplied from abroad, to the countries of the Eurasian Economic Union. The company intends to increase export volumes by 40%, and therefore there is a need for additional investments.
It should be noted that the company launched its activities in the Aramus community of Kotayk region of Armenia since 2003. LLC produces canned olives, fruits and vegetables.
