Innovation-based manufacturing may qualify for profit tax determent in Armenia

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Economy

13.05.2014, 12:19

Armenia’s government is ready to grant privileges and profit tax determent for long time in particular to companies that manufacture based on innovations, Armenia’s president Serzh Sargsyan said at the opening of Armenian-French business forum in Yerevan Monday.

Innovation-based manufacturing may qualify for profit tax determent in Armenia

YEREVAN, May 13. /ARKA/. Armenia’s government is ready to grant privileges and profit tax determent for long time in particular to companies that manufacture based on innovations, Armenia’s president Serzh Sargsyan said at the opening of Armenian-French business forum in Yerevan Monday.

The business environment needs to be improved on a continuous basis for attracting foreign investors to Armenia and, consequently, boosting economic growth in the country, the president said.

France’s president Francois Hollande arrived in Yerevan on Monday for a two-day state visit invited by his Armenian counterpart Serzh Sargsyan. A Armenian-French business forum was opened in Yerevan Monday in the framework of Hollande’s visit. –0--

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