ARMENIA’S PROSHYAN BRANDY FACTORY’S LOSSES FROM RUSSIAN RUBLE DEVALUATION TOTAL AMD 500 MILLION
YEREVAN, March 27. /ARKA/. Armenia’s Proshyan Brandy Factory sustained
the losses totaling AMD 500 million over a period between November 2014
and March 2015 while exporting its products to Russia amid devaluation
of Russia’s ruble, Avetik Gasparyan, deputy director of the factory,
said on Friday.
He told journalists that the export of canned products inflicted
losses of about AMD 85 million, and the remaining amount was lost
from the exported spirits.
Gasparyan refrained from mentioning the exact volumes of the export
saying it was a commercial secret.
he said.
In his words, the company still continues exporting its products with
losses to retain the outlet access to which cost much to the company.
Gasparyan said the company lost some part of its turnover money and
may face problems in purchasing crude materials.
he said.
Proshyan Brandy factory was established in 1885 by Armenian benefactor
and entrepreneur Abgar Proshyan.
The factory sends its products to Russia, Germany, Israel, Greece, the
United States, the South Korea and other countries. ($1 – AMD 471.63).
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