ArmInfo. On July 29, the Armenian government satisfied the application of "GINAP" LLC for exemption from import customs duties on imported technological equipment, their components, raw materials and materials imported within the framework of the investment program implemented in the priority sector.
According to the explanatory notes, the LLC is engaged in the production of flexo printing from artificial and plastic films, as well as vacuum bags, bags for cheese, coffee and other products.
According to the information provided by the company, within the framework of the investment program, 20 new jobs have already been opened, capital investments in the amount of 530 million drams were made, and another 2.8 billion drams for the purchase of raw materials.
To note, according to the state register of legal entities of Armenia, the company was registered on March 24, 1995. There is no free access to information about the owners of the specified company.
Earlier, in December 2018, ArmInfo reported that the Ginap company was exempted from paying customs duties for the import of technological equipment, their components and raw materials into Armenia. Within the framework of the program, it was envisaged to make investments in the amount of 2.5 billion drams. From 2021, the volume of investments will increase by another 1 billion drams. In addition, it was reported that 8.9 billion drams will be allocated for the purchase of raw materials, and 50 new jobs will be opened through the implementation of the program. The total production volume was planned at the level of 3 billion drams, of which, as it was announced, products worth 2.5 billion drams will be sold in Armenia, 300 million drams will be exported to the countries of the Eurasian Economic Union and 200 million drams - to the markets of third countries.
