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The National Assembly of Armenia today approved the bill on cosmic activity developed by the Ministry of High Technological Industry, as reported the news service of the National Assembly.

The law regulates the relations pertaining to the organizing and implementation of cosmic activity in the Republic of Armenia and lays down the concepts of cosmic activity, technical equipment, facilities, infrastructures and cosmic space.

The bill prescribes tax privileges for sector-specific companies, and this is aimed at contributing to the development and intensification of cosmic activity in the Republic of Armenia. Prior to this, cosmic activity in the Republic of Armenia was only regulated by norms of international law.

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