Economy Minister comments on Tashir Group of Companies` promise to build a plant in Vanadzor: "Finish what you started first"

ArmInfo. Before the  construction of a large plant in Vanadzor, as promised by Narek  Karapetyan, representative of the Tashir Group of Companies, days  earlier, I hope they will first launch a small metal smelter, that  has been delayed for years. Armenian Minister of Economy Gevorg  Papoyan posted on his Facebook page.

 "Why do I attach importance to this? Because, unlike the  Karapetyans, who "know how to build and launch factories", but were  never able to complete the metallurgical plant project, other  enterprises - , the Karakert metallurgical plant and GTB  Steel not only completed construction, but also manufacture products,  sell them, created about a thousand jobs and pay taxes," he added. He  also pointed out  that the government had  put in significant efforts  and provided tax incentives for this plant. Papoyan mentioned that in  total, in 2024, the authorities had provided 800 million drams in  assistance to the Tashir group of companies for the production of  transformers for power grids and housings for electric meters. For  the production of cables. The state also provided a benefit in the  form of a 30% reduction in income tax for 5 years. For the  metallurgical plant, according to him, the Karapetyans also received  a state benefit - this project operates within a free economic zone,  and essentially does not pay taxes.

Papoyan emphasized that apart from  pizzerias, every initiative of  the Tashir group of companies had received  state support. "And after  all of this, why do the Karapetyans complain and forget about this  support? I will leave it to your judgment," the Minister of Economy  wrote.