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New plant set to bottle water in Armenia and ship to Russia (video)

New plant set to bottle water in Armenia and ship to Russia

PanARMENIAN.Net - The government on Thursday, March 14 decided to provide tax benefits to A&M Rare, a company which is set to launch a freshwater and mineral water bottling company.

The company is going to make investments worth AMD 13.2 billion (€24 million), having already invested €7.9 million in the project (land acquisition, construction work, administrative expenses).

The business will create 141 new jobs, while water produced in the plant will mostly exported to Russia.

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Upon the Board's approval, an amount equivalent to about $35.5 mln becomes immediately available to Armenia.
Armenia's foreign debts was down by $86.5 million as of March 2019, the government said in a Facebook post.
The number of tourists who visited Armenia in January-March has grown by 5.2% year-on-year, the National Statistical Service reveals.
As of January 31, Armenia's foreign debts stood at $5.547 billion, but as of March 31 it has come down to $5.488 billion.
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