PressAM

The perfect balance on news and information

investment program

Business Economy

“Government Grants Import Duty Exemption to Becon Product for High-Tech Dairy Production Investment Program in Armenia”

The government announces exemption for Becon Product’s investment program in high-tech dairy production. The program includes equipment procurement, supplies, and factory construction worth $6.55 million. 426 employees currently work for the company, expected to increase to 526 by 2027. The products eligible for exemption total $2.55 million, with a customs duty exemption of $382.5 million.

“Semicvet Company Receives Import Duty Exemption for Agrarian Investment Program, Boosts Job Opportunities and Economic Growth in Armenia”

The “Semicvet” company in Armenia has been granted import duty exemption for its agricultural investment program. They import products for their Ecodentrix toothpaste production, aiming to create more jobs and boost the local economy. Stay updated with NEWS.am.

Government Lifts Restricted Response on Imports for Thermal Hotel Construction, Boosting Investment Program

Government lifts import restrictions for thermal hotel construction program in Armenia. Company “NAKI” can now import equipment for Aragatsotn region project. Investment program with 50 million AMD aims to create 6 new jobs. Compensation for equipment estimated at 30 million AMD.