ARMENIA WILL RESTORE ITS FORMER INDUSTRIAL POTENTIAL IN THE COMING TEN YEARS, MINISTER OF ECONOMY SAYS
Liana Yeghiazayan

"Radiolur"
17.07.2012 16:47

Armenia will restore its former industrial potential in the coming
ten years, Minister of Economy Tigran Davtyan said during today's
meeting with businessmen in Charentsavan. According to the Minister,
the volume of exports will triple in the same period.

Last year the Government adopted an industrial policy strategy, which
envisages re-launching of tens of industrial enterprises every year.

The new strategy envisions implementation of new technologies, and
the Government will postpone the payment of VAT for three years for
the companies that import new technologies.

The Ministry of Economy plans to establish technological centers
in Charentsavan and Vanadzor in cooperation with the World Bank. A
similar center has already been launched in Gyumri.

Besides, the Ministry plans to implement the project of establishment
of a corridor from Charentsavan to Aghveran.




From: A. Papazian