Armenian clothing factory Tosp to invest 2.6 billion drams in garment production

|

USD

392.54

EUR

425.47

RUB

4.6351

GEL

141.59

01.12.2022, 18:32

The Armenian government has granted today zero customs duty benefits to Tosp LLC clothing factory on import of raw materials for expanding production.

Armenian clothing factory Tosp to invest 2.6 billion drams in garment production

YEREVAN, December 1. /ARKA/. The Armenian government has granted today zero customs duty benefits to Tosp LLC clothing factory on import of raw materials for expanding production.

According to the government, Tosp plans to purchase goods worth 2.6bln drams from abroad to produce women's, men's and children's clothes. The company will be exempted from paying 210 million drams in customs duties.

Additionally, Tosp is planning to invest 50mln drams in equipment purchases and another 175mln drams in construction. Seventy new jobs will be created with average monthly salaries of 243,000 drams. ($1 - 395.35 drams). --0--

#CLOTHING FACTORY

PayLink: new and simple solution from Ameriabank for businesses to receive payments

A new, fast and secure way to receive payments with just one link: Ameriabank and Dinno company present a joint platform PayLink – an innovative solution for accepting and managing payments.

21.03.2025 17:10

Central Bank of Armenia tries to balance risks and opportunities of crypto-assets

Regarding crypto-assets, the Central Bank of Armenia is trying to balance the opportunities and risks for the economy, Levon Sahakyan, a member of the Central Bank Board, said at the III Capital Markets Armenia conference organized by Cbonds.

20.03.2025 14:07

Acba Bank issues first “talking” cards in Armenia

The Acba Bank has started issuing Visa Signature Limited Edition cards with the image of "Armenia. Panel" by Martiros Saryan, the bank's press service reported.

19.03.2025 17:08

Armenian wines presented for the first time at FoodExJapan-2025 in Tokyo

For the first time, Armenian wines are being showcased at the international FoodExJapan-2025 food and beverage exhibition in Japan's capital.

17.03.2025 10:21

GTB Steel rebar plant opens in Ararat community of Armenia, $31 million invested

Armenian Prime Minister Nikol Pashinyan attended the opening ceremony of the Armenian-American GTB Steel rebar plant in Ararat community last Saturday, with $31 million invested in the plant.

17.03.2025 09:51

Grapes and apricots safe: Armenia adopts program of subsidizing agro-insurance

The Armenian government at a session on Thursday adopted a decision introducing a system of subsidizing agro-insurance for 13 types of crops against four types of risks - spring frost, drought, hail and fire

13.03.2025 16:17

Armenia plans to export fish and fish products to the EU for the first time

Armenia has received permission to export fish and fish products to EU countries for the first time.

13.03.2025 14:53

Armenian builders and developers deepen cooperation with Ministry of Economy

A memorandum of cooperation was signed on Wednesday between the Armenian Ministry of Economy, the Union of Builders of Armenia and the Armenian Association of Developers.

12.03.2025 19:04