Government supports Rusal Armenal investment program, issues tax privilege

YEREVAN, MARCH 30, ARMENPRESS. The government issued a three year delay of VAT payment deadlines for the Rusal Armenal CJSC for imports of products.

Minister of economic development and investments Suren Karayan mentioned the investment program is aimed at enhancing the production of foil.

The privileged will cover the batch of equipment worth 423 million drams.

The Primetals Technologies Limited system will enable to enhance the foil production by an additional 5600 tons. 4 more jobs will be created in the enterprise, with an average salary of around 800 dollars.