“H&T Hakobyans” LLC will make AMD650mln investments to establish a beer factory in Dilijan town of Tavush marz.

Minister of Economy of Armenia Karen Chshmarityan has said at today’s governmental session submitting the decision on extending the company’s VAT payment period to the executive power’s approval.

It should be noted that within the investment programs, in case of items exceeding AMD200mln the payment period of VAT calculated by the customs authorities is extended by 3 years.

The Minister has noted that AMD630mln of the investments will be allocated to the purchase of devices.

“Owing to the investments, we will be able to have a factory equipped with modern European devices. The company is going to manufacture around AMD0.15bln goods and the considerable portion will be consumed in the domestic market. As a result of the investment program, 60 workplaces will be created with an average salary of AMD90-100 thousand”, said Karen Chshmarityan.