Wine-Making Development In Armenia Needs Around Euro 150 Million Inv

WINE-MAKING DEVELOPMENT IN ARMENIA NEEDS AROUND EURO 150 MILLION INVESTMENTS

/PanARMENIAN.Net/
16.11.2009 15:23 GMT+04:00

/PanARMENIAN.Net/ Wine-making development in Armenia needs around
Euro 150 million investments, Avag Harutyunyan, head of Armenian wine
makers union told PanARMENIAN.Net reporter. "Outdated technologies
are being used in Armenia for wine production," he said.

In this context, wine makers union head added that Euro 3-4 million
investments are required for technological equipment of a factory
with 300 000 bottles’ annual production capacity. "Around 50 high
technology factories are necessary for Armenia to gain competitiveness
in world market within 5-6 years," Avag Harutyunyan explained.

Commenting on the possibility of consortium creation, prompted by
Italian wine makers’ development example, Avag Harutyunyan noted,
"The idea is a useful one. Still, in the first place, our wine makers
need quality equipment, which is a priority task at the moment".

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS