Glassworks Glass World Company invests in Armenia about $ 4.3 million.

Glassworks Glass World Company intends to invest in Armenia, about 1.75 billion. Drams (about $ 4.3 million.), Minister of Economy of Armenia Karen Chshmaritian during a government meeting on Thursday. The government has decided to provide Glass World Company deferment of VAT for a period of three years.

According to the Minister, within the framework of the company's investment plans to create about 100 new jobs with an average salary of 200 thousand. Drams.

About half of the production will be exported to the United States, Belarus and Georgia.

The Armenian government on April 17 decided to reduce the minimum size of the investment package, which allows to obtain a three-year reprieve from paying VAT, with 300 million. AMD 200 million. Drams. ( 1$ - 407.38 drams).