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March 29
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YEREVAN. - The investors, whom Armenia exempts from VAT payment for the import of equipment, should report on their investments made.

Prime Minister of Armenia, Karen Karapetyan, stated the aforementioned at the Cabinet session on Thursday, addressing Minister of Economic Development and Investments, Suren Karayan, who introduced another bill on exemptions.

Investor Tiger Group LLC is going to import equipment and furnishing for an entertainment center. The overall investment project amounts to 3.5 billion AMD (approx. $7.2 million). The privileges for the investment program were approved earlier, being then expanded for a new consignment of technology.

In connection with this, Karapetyan instructed to establish constant control over the implementation of investment programs by businesses. “It is necessary to understand whether the privileges achieve their aim and oversee this constantly, not occasionally,” he added. 

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