68 Small Entities Established In Agricultural Spere

ArmRadio.am
11.08.2006 17:14

In 2005-2006, 68 small entities, which need serious financial and
legislative support, were established in the agricultural sphere of
Armenia, RA Minister of Agriculture David Lokya informed during a
working talk with the Armenian President Robert Kocharyan.

Press service of the president reported that pointing out importance
of this aspect, Kocharyan said that a long-term program should be
worked out and the reprocessing branch must become the main driving
force of agriculture’s development, ARKA reported.

During the meeting sides pointed out that starting from January 1,
2009, VAT will be imposed on agricultural goods in
Armenia. Particularly there is an agreement on exemption from VAT
those rural economies, turnover of which does not exceed AMD 8
mln. For others VAT rate will be set at 8-12% level, which can have
serious influence on their activities.

Kocharyan inquired about the present situation in the sphere of
agriculture of the republic, problems of villagers, as well as
governmental support to this sphere.

From: Emil Lazarian | Ararat NewsPress