ArmInfo. At today's meeting of the RA government, 4 investment projects were approved. <4 investment projects is a good sign. We need to transform the high economic impulses existing in the pre-coronavirus period into future positive expectations that can be realized only by working'', RA Prime Minister Nikol Pashinyan said.
In particular, by a unanimous decision of the Government of the Republic of Armenia, Alfa Renaissance, Epsilon Invest and Ariko-Gor enterprises were exempted from customs duties for investments in priority areas, and MichelSergani received a delay of VAT payments for 3 years.
As presented by the Minister of Economy of the Republic of Armenia Tigran Khachatryan, Alfa Renaissance LLC has been operating in the Ararat region since 2014 and has been producing paints. <It is envisaged to invest 40 million drams for the purchase of equipment for the production part. As part of this application, the company intends to import raw materials worth 592 million drams, the exemption for customs duties will be 47 million drams>, Khachatryan said. According to him, using imported raw materials, the volume of production, which will be fully implemented in the territory of the Republic of Armenia, will make 730 million drams. At the same time, the enterprise plans to open 5 new jobs with an average salary of 150 thousand drams. Today, according to the minister, 16 people work in Alfa Renaissance. Referring to the data provided by the company, Tigran Khachatryan noted that in 2018, the latter paid 16 million drams of taxes to the state treasury.
Regarding the Epsilon Invest textile company, the minister said that it is planned to invest 210 million drams for the purchase of raw materials. The privilege on the exemption of customs duties is 10.5 million drams, the expected decrease in state budget revenues is 128 thousand drams. Currently, the staff consists of 3 people, and within the framework of the investment project, it is planned to open 2 more jobs with a salary of 110 thousand drams. The production volume expected under the project will be 210 million drams, of which 150 million drams will be sold in the domestic market, and 60 million drams in the Russian Federation.
