YBC brandy production decreased by 36%

YBC brandy production decreased by 36%

14.03.2010 17:10 GMT+04:00

/PanARMENIAN.Net/ Due to the global financial crisis, the Yerevan
Brandy Company (YBC) has reduced brandy production by 36%.

`Nevertheless, we are hopeful that we will be able to regain the 2007
index by 2012,’ YBC Executive Director Ara Grigoryan said at a news
conference in Berd, a town in Tavush region of Armenia.

He also said the company did not succeed in diversification or in
search of new markets in 2009 but it will work to reduce dependence on
Russia’s market in the future.

YBC Production Director Philippe Thibaud said for his part that
Armenian brandy is competitive at the international market. `The
peculiarities of Armenian brandy are the sorts of grapes, soil and
climate,’ he said.