23/05/2019 11:56
New family entertainment park to be built in Yerevan
Park Group company is planning to built a family entertainment park in Yerevan where the last generation merry-go-around of European production will be placed.
In the sidelines of the investment program Park Group company will be allowed to pay VAT for the imported products three years later.
The company is planning to make over 7,5 billion AMD investments.
The import of devises and equipment will be implemented stage by stage. As a result of implementation of the investment program 350 new jobs will be created in three years with 200,000 AMD average salary.
The cabinet meeting discussed and approved the issue of giving privileges to the company and free it from customs fee for importing technology equipment, parts of equipment.
The products imported by Park Group will be used for organization of rest, for founding park. The products will not be imported from the EAEU member countries as they do not correspond to the technical demands of the company.
The privilege will give serious impetus to the implementation of new investment program and as a result creation of jobs, attraction of investments, promotion of local production and its export.
Armenia’s Prime Minister Nikol Pashinyan stressed that he has already noticed active construction works.