06/12/2018 11:48
Armenian government provides privileges to Ginap company: 50 new jobs to be created
The Armenian government freed Ginap company from customs fee for importing technology equipment, their parts and raw materials.
The products imported by the company will be used for artificial and plastic sheath flexo printing as well as for production of vacuum packets, cheese packets, coffee and other various packets.
The project investments amounted to 2.5 billion AMD. By 2021 additional 1 billion investments are expected for acquiring new equipment and 8.9 billion AMD for acquiring raw materials.
As part of the investment program 56 jobs have already been created and 50 new ones with 180,000 AMD average salary are expected to be created.
The total volume of the products envisaged by the program makes 3 billion AMD of which products amounting to 2,5 billion will be sold in the territory of Armenia, products amounting to 300 million in the territory of EEU, products amounting to 200 million in the territory of third countries.
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