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YEREVAN, MAY 2, ARMENPRESS. The Government of Armenia granted a three-year VAT payment delay for the Manukyan Brandy Factory, a company that is planning to produce brandy, wine and fruit vodka in a new and modern factory to be established in Balahovit, a village in Kotayk Province.
The production phase will start in 2020.
The company will make nearly 2,8 billion drams in investments.
Edited and translated by Stepan Kocharyan