16:22, April 1, 2011
RA Prime Minister Tigran Sargsyan today visited Jermuk International, the Armenian representative of PepsiCo International, to see firsthand the newly acquired state of the art equipment at work.
Jermuk imported 2.8 billion AMD worth of equipment last year to produce sweetened carbonated drinks. The government stepped in and allowed a grace period till October, 2013, for the company to pay 560 million AMD in VAT.
In addition to the soda now churning off the production line, PepsiCo says it will also be introducing a line of fruit juices as well.
Government Subsidizes Production of Soda-Pop