Gevorg Papoyan: Amulsar project to boost Armenia`s economy with an  extra $120 mln in annual taxes

ArmInfo. The launch of the Amulsar project is expected to boost economic growth, as stated by Economy Minister Gevorg Papoyan during the final press conference on January 13.  In particular, he noted that the mine's full operational cycle would result in an annual GDP growth increase of 1%. The  economy will receive $120 million in taxes alone every year, numerous  jobs will be created, and communities bordering the deposit will  receive subsidies, etc. he said.  Additionally, the Minister of Economy  noted that GDP growth is expected to be around 5.5% by the end of  2025.