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GOVERNMENT GRANTS THREE-YEAR VAT PAYMENT DEFERMENT TO ARARAT FOOD FACTORY
YEREVAN, October 16. / ARKA /. The Armenian government has granted
today a three-year VAT payment deferment to Ararat Food Factory for
importing equipment worth over 300 million drams.
Economy minister Karen Chshmarityan said the company plans to import
ten large trucks to carry out also cargo transportation.
He said the trucks will ensure a stable circulation of products and
increase the volume of exports.
In 2010 the company established a factory for the production of natural
juices and created more than 100 jobs as part of its first-phase 1.6
billion drams worth investment program.
The minister said the company is carrying out the second phase of
the investment program worth 600 million drams in order to expand the
product range. He said due to new equipment the company will process
also tomatoes, apricots, peaches to get high quality raw materials
for the production of canned products.
Ararat Food factory is producing now natural juices and nectars, teas
and canned food, selling about 80% of the output in the CIS countries
and Europe under the brands "Ararat", "Lina" and "Josie." -0--
http://arka.am/en/news/business/government_grants_three_year_vat_payment_deferment _to_ararat_food_factory/#sthash.aeWm55sR.dpuf
YEREVAN, October 16. / ARKA /. The Armenian government has granted
today a three-year VAT payment deferment to Ararat Food Factory for
importing equipment worth over 300 million drams.
Economy minister Karen Chshmarityan said the company plans to import
ten large trucks to carry out also cargo transportation.
He said the trucks will ensure a stable circulation of products and
increase the volume of exports.
In 2010 the company established a factory for the production of natural
juices and created more than 100 jobs as part of its first-phase 1.6
billion drams worth investment program.
The minister said the company is carrying out the second phase of
the investment program worth 600 million drams in order to expand the
product range. He said due to new equipment the company will process
also tomatoes, apricots, peaches to get high quality raw materials
for the production of canned products.
Ararat Food factory is producing now natural juices and nectars, teas
and canned food, selling about 80% of the output in the CIS countries
and Europe under the brands "Ararat", "Lina" and "Josie." -0--
http://arka.am/en/news/business/government_grants_three_year_vat_payment_deferment _to_ararat_food_factory/#sthash.aeWm55sR.dpuf