Spayka company to invest AMD 27.8bln in food and fruits export February 3, 2011 - 15:59 AMT PanARMENIAN.Net - During the February 3 sitting, the Armenian government allowed Spayka shipping company to use a three-year delay of VAT payment as part of the program on making investments above AMD 300mln. Armenian Minister of Economy Tigran Davtyan said that Spayka company will invest AMD 27.8bln in the program on creation of a joint enterprise on food and fruits freezing, processing and export. According to him, due to the program implementation, the output export from Armenia will reach 70,000t. Besides, 500 jobs will be created. Armenian Prime Minister Tigran Sargsyan noted that the program is of special interest, as it will stimulate development of Armenia’s agriculture, as well as export. In addition, the government allowed VKS Armenia company to use the preferential customs regime – temporary import. The Minister said that the company is going to expand production in light industry. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | U.S. welcomes Armenia, Azerbaijan’s border delimitation announcement Blinken said it is an important step towards concluding a durable and dignified peace agreement. Residents Of border villages protest as Armenia, Azerbaijan agree on delimitation Residents of several Armenian communities in the northeastern Tavush province began protests late on Friday. European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. |