Arka News Agency, Armenia
Aug. 11, 2006

MINISTER: 68 SMALL ENTITIES ESTABLISHED IN AGRICULTURAL SPHERE OF
ARMENIA IN 2005-2006

YEREVAN, August 11. /ARKA/. 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.
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. S.P.–0-