YEREVAN, August 15. /ARKA/. Armenia’s government has prolonged “temporary import” preferential customs regime for Royal Armenia Armenian-Cuban company under three agreements till March 13, March 26 and May 29, 2015 respectively.
“The company has invested about $1 million in production of a new variety of coffee, but it needs a six-month prolongation of the preferential regime because of delay in the equipment delivery,” Armenian Economy Minister Karen Chshmarityan said Thursday at a regular Cabinet meeting.
In particular, the company is planning to start producing a new variety of coffee that is highly demanded in Russia, Ukraine and Georgia.
A new industrial facility has been constructed for that, and one part of equipment has already been brought from Europe, and the remaining part will be delivered in September.
Royal Armenia, established in 1997, processes and packs coffee and pepper. The company exports its products to Georgia, Russia, Ukraine and France. --0---