YEREVAN. – A new metallurgical plant—which is being built by the  Aske Group Company—will start operations by the end of this year, Armenia’s Economy Minister Tigran Davtyan stated during Wednesday’s Cabinet meeting.  

He also informed that the plant is being constructed with technology by the Siemens VAI Company.

The Government extended for three years Aske Group’s payment of the value added tax accrued for importing investment goods. The total investments amount to AMD 7.8 billion (approx. US$ 18,751,850).   

And PM Tigran Sargsyan stated that this project will be monitored and it needs to be widely covered by the media.