IN 2007 GOVERNMENT TO PROVIDE EXPERIMENTAL SUBSIDIES TO 11 FARMS IN GEGHARKUNIK AND ARAGATSOTN MARZES

Noyan Tapan
Dec 27 2006

YEREVAN, DECEMBER 27, NOYAN TAPAN. In 2007, the Armenian government
will provide experimental subsidies to farmers of 11 villages in
Gegharkinik and Aragatsotn marzes: 35 thousand drams (about 90 USD)
will be provided for a hectare. The RA Minister of Agriculture Davit
Lokian said on December 27 at the press conference to summarize this
year’s results that starting from 2008, this order of subsidizing
will function in other marzes as well. According to D.

Lokian, the draft law on state assistance to the agricultural
sphere has been developed by the ministry and submitted to the
government. According to the draft law, the subsidizing of agriculture
by the government should have a constant character, and a policy
of regulating agricultural foodstuff prices should be conducted. The
minister noted that from 2009, farms will not pay VAT if their turnover
does not exceed 10 million drams. Thus, the majority of farms – 85%
will be exempt from VAT. D. Lokian added that even big land owners, who
will pay VAT, will not have any problems: for example, a 10% tax will
be collected from them instead of the current 20% tax for a 50-ha land.

From: Emil Lazarian | Ararat NewsPress