Chanakh Company to Invest Approximately 600 Million AMD in Dairy Production

|

USD

382.12

EUR

443.79

RUB

4.7327

GEL

141.24

14.11.2025, 16:47

At a meeting on Friday, the Armenian government decided to grant a customs duty exemption to Chanakh Company, which plans to invest a total of 590 million AMD in dairy production using imported raw materials.

Chanakh Company to Invest Approximately 600 Million AMD in Dairy Production

YEREVAN, November 14. /ARKA/. At a meeting on Friday, the Armenian government decided to grant a customs duty exemption to Chanakh Company, which plans to invest a total of 590 million AMD in dairy production using imported raw materials.

The investment program includes capital investments of 120 million AMD, as well as raw material purchases totaling 470 million AMD.

Ten new jobs are planned to be created by 2028. The customs duty exemption is estimated at 70.5 million AMD. ($1 - 382.12 drams).-0-

#DAIRY PRODUCTS

Regulator head: Cream imported from Iran to Armenia is safe

The cream imported from Iran to Armenia is safe; otherwise, the Food Safety Inspectorate would have banned its import, stated Tigran Petrosyan, head of the regulator.

14.11.2025 19:00

Armenia Ratifies EEU-UAE Agreement: 95% of Its Exports to Emirates to Receive Preferential Access

Today, the Armenian government has sanctioned the ratification of an agreement titled "On Economic Partnership between the Eurasian Economic Union (EEU) and its Member States and the UAE," which was signed on June 27, 2025, in Minsk, Belarus.

14.11.2025 17:21

Armenian company to invest 961 million drams in strawberry greenhouse

At a meeting on Friday, the Armenian government decided to grant a customs duty exemption to DNA-Technology AM, a company planning to invest 706 million drams in the construction of a greenhouse complex for growing strawberries.

14.11.2025 16:51

Auto Gallery CJSC becomes the sole official representative of Scania trucks in Armenia

The Auto Gallery company has entered into a cooperation agreement with the Swedish firm Scania AB, thereby becoming the exclusive official representative of Scania trucks in Armenia.

14.11.2025 16:40

Armenian Company to Invest 1.9 Billion AMD in Establishing Cement Production

At a meeting on Friday, the Armenian government decided to exempt Dragsman Cement from customs duties on imports.

14.11.2025 16:21

Armenia proposes deferring payment of taxes and duties at border

On Thursday, Armenia's National Assembly approved a series of amendments to the Tax Code and the Law on State Duty in the first reading.

13.11.2025 18:51

EBRD signs largest-ever deal with Ameriabank worth €150 million – Hanesyan

The European Bank for Reconstruction and Development (EBRD)'s €150 million deal with Ameriabank is the largest ever signed with the bank, and possibly the largest EBRD deal in Armenia to date, said Artak Hanesyan, CEO of Ameriabank.

13.11.2025 18:24

PSRC is discussing revocation of license of Electric Networks of Armenia

Armenia's Public Services Regulatory Commission (PSRC) is discussing a draft resolution on Thursday to revoke the license of Electric Networks of Armenia (ENA) to distribute electricity.

13.11.2025 17:35