20/12/2018 11:48
Armenian government provides privileges to Spayka company, 28 billion AMD investments to be made
The Armenian government decided at the cabinet sitting today to allow Spayka company to import technological equipment and their parts, raw materials and materials without paying customs fee.
The products imported by Spayka will be used for re-cultivation of agricultural products. The important products are not from EAEU member-states as the ones from there do not meet the company’s technical demands.
It is noted that this privilege will be a serious impetus for the implementation of new investment programs and as a result - creation of new jobs, attraction of investments, promotion of local products, their export.
Investments amounting to 28 billion Armenian Drams are intended to be implemented in the sidelines of the project, of which 4.2 billion from own means and 23.8 billion from loan means.
Some 1,600 jobs with 190,000 AMD average salary have already been created and 300 new with 200,000 AMD salary will soon be added.
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