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RA Govt Compromises with Araks Poultry Factory

by 5m Editor
12 November 2009, at 11:15am

ARMENIA - The Armenian government has decided to prolong the terms of VAT payment for Araks poultry factory CJSC for 3 years.

“The company intends to invest AMD 878 million in the import of new equipment to improve their output. The measure will allow creation of job opportunities. At that, average salary will make AMD 70 000,” RA Economy Minister Nerses Yeritsyan told PanArmenian.

Araks poultry factory CJSC is the fourth company to be granted an extension.