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Economy
Armenia proposed China to establish joint ventures in textile industry
The prospects of the Armenian textile industry were discussed at a meeting of the Ministry of Economy of Armenia with a delegation of the Association for the Promotion of Foreign Markets of the city of Shaoxing Keqiao (China), famous for its textiles.
22.04.2025, 10:45
Business
More than 1 billion in unpaid taxes: Alex Textile director, employees and IT company owner charged with tax evasion
The director of Alex Textile LLC has been charged with tax evasion to the tune of more than 1.1 billion drams, Armenia’s Investigative Committee reported today.
03.04.2023, 19:30
Business
Alex Textile invests 3.2 billion drams in clothing and pantyhose production
The Alex Textile Company, owned by the family of prominent Armenian businessman Samvel Aleksanyan, will invest AMD 3.2 bln in expansion of production of clothes, pantyhose and other textile products.
10.03.2023, 09:40
Business
Armenian government to allocate about 14 billion drams for textile industry development
The Armenian government has approved today the release of about AMD 14 billion for the development of textile industry.
02.02.2023, 14:24
Business
Textile Industry Support Program launched in Armenia
Textile Industry Support Program was launched in Armenia on January 18 with the funding from the "Good Governance Fund" of the UK government, supported by the EBRD and coordinated by the Business Support Office as part of cooperation with the Ministry of Economy of Armenia.
19.01.2022, 10:53
Economy
Armenia’s acting economy minister believes it is necessary to help large companies develop as well
Armenia’s acting Economy Minister Vahan Kerobyan believes that it is necessary to help large companies develop as well.
01.07.2021, 19:33
Business
Anitex company to invest 11.5 billion drams in expansion of production
Armenian Anitex company will invest 11.5 billion drams in the expansion of textile production, Economy Minister Tigran Khachatryan said at a government meeting on Thursday.
09.01.2020, 16:20
Business
Alex Textile to invest 15.6 billion drams in expansion of output
Alex Textile Armenian company will invest more than 15.6 billion drams in the expansion of production.
02.05.2019, 18:06
Business
Artik PHK LLC to invest 6 billion drams in a textile enterprise in Maralik
The government of Armenia decided today to award a 3-year VAT payment deferment to Artik PHK LLC, which has pledged to invest 6 billion drams in a textile factory in the town of Maralik.
06.12.2018, 18:10
Economy
Government grants VAT payment deferments to two companies
The government of Armenia at a meeting today awarded two textile companies VAT payment deferment.
02.08.2018, 17:57
Business
Government awards tax benefits to Alex Textile
The Armenian government granted today a set of tax benefits to Alex Textiles LLC, owned by the family of MP Samvel Aleksanyan.
01.06.2018, 16:54
Business
Government provides customs duty payment benefits and VAT payment deferment
The government of Armenia at a meeting on Thursday decided to provide the ABC Textile company with a set of customs duty payment benefits on imported equipment since it has pledged to invest 10.9 billion drams in the development of textile production in the country, acting minister of economic development and investments Suren Karayan said.
03.05.2018, 17:13
Business
Alex Textile exempted from customs duties
The Armenian government exempted April 5 the Alex Textile company from the payment of customs duties after it has pledged to import equipment worth 706.3 million drams to expand output.
06.04.2018, 10:09
Business
Armenian textile companies secured 400 million drams worth orders
Armenian textile companies that took part in an international exhibition of textile and light industry products and equipment "TextilLegProm" last February in Russia secured 400 million drams (about $835,000) worth orders, the press service of the Development Foundation of Armenia (DFA) reported.
31.08.2017, 10:26
Economy
Russia to provide $2 million to Armenia through UNIDO For development of textile industry
The Russian Federation will provide $2 million to Armenia through UNIDO (United Nations Industrial Development Organization) to finance the implementation of the second phase of a program designed to boost the country’s textile industry.
14.02.2017, 16:06
Business
First international congress of light industry kicks off in Yerevan
The first international congress of light industry has kicked off today in Yerevan. The goal of this event, according to its organizer Nika Manukova, is to create a platform that will open new export and import directions, new technologies and new equipment for local producers.
18.10.2016, 15:45
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Armenia and the EU have noted progress in partnership based on shared values. This is stated in a statement following the 6th meeting of the Armenia-EU Partnership Committee, established on the basis of the Comprehensive and Enhanced Partnership Agreement (CEPA), held in Brussels the day before.
Armenia and EU note progress in partnership based on shared values
