Armenia Harvest: 5.2 million dollars worth of Dutch roses a year

Armenian Harvest, a company specializing in growing tomatoes and cucumbers, will be producing 2.5 billion drams (5.2 million dollars) worth of Dutch roses a year, economy minister Karen Chshmarityan told a Cabinet session on Thursday.

The minister said the company is bringing in new equipment for the cultivation of Dutch roses and plans to produce 2.5 billion drams worth of roses a year.

The company has been awarded by the government a three-year deferment of VAT payment after pledging to import equipment worth more than 300 million drams (630,000 dollars). The deferment is awarded to companies which import more than 300 million drams worth of modern equipment or technology to expand their output and modernize production facilities.

Armenian Harvest, located in the central Kotayk region is planning to invest in the greenhouses 1.637 billion drams (3.5 million dollars). Of that amount 1.337 billion drams (2.8 million dollars) will be spent on the purchase of equipment for the production of Dutch roses.

The bulk of the flowers are supposed to be exported to Russia, Georgia, Belarus, Kazakhstan and other countries. The greenhouses occupying 11 hectares of land employ 90 workers. To build the greenhouses Armenian Harvest used technology from French company Richel Group.

Source: ARKA

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