YEREVAN. – At today's session, the government of Armenia granted tax breaks to four companies.

In particular, the government granted a customs duty exemption to the Soft Papyrus company in the framework of the investment project in the priority domain.

Minister of Economy Tigran Khachatryan said this company will use the imported products for the production of napkins, paper towels and medical sheets, it has already invested 135mn drams and has to invest another 50mn drams.

In addition, Armenia Wine company, the Hakobyan Rustam private entrepreneur, and Arsenal Ltd, were also exempt from customs duty on imports.

"In sum total, these three companies have been exempt from customs duties on goods of 385mn drams," Khachatryan said.