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.
