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"Spayka" awarded 3-year VAT payment deferment

The Armenian government has awarded today a three-year VAT payment deferment to "Spayka" company after it has pledged to invest 7.6 billion drams in the purchase of 200 trucks, economy minister Artsvik Minasyan said.

Minasyan said the company plans to import Belgium and German-made trucks. The minister said the earmarked investments will allow to create 153 new jobs with an average salary of 155,000 in 2016, which will grow to 165,000 in 2017 and 175,000 drams in 2018.

Spayka Ltd., founded in 2001, is the largest international transportation company of Armenia. It also produces packaging, including boxes and pallets made of foam polystyrene. In 2015, the company exported more than 24 thousand tons of agricultural products. In late 2015 Spayka e launched production of natural juices. ($ 1 - 482.36 drams). 


Source:  http://arka.am/en/news/business/spayka_awarded_3_year_vat_payment_deferment/