Investment project worth 1.6 billion drams to be implemented in beverage production field

13:44, 9 July, 2020

YEREVAN, JULY 9, ARMENPRESS. The Armenian government approved today the application submitted by Armenia Wine Factory LLC, enabling the company to use the privilege on exempting the imported equipment, their components and raw materials from the customs duty for an investment program.

The products to be imported by the company will be used for the production of vodka and wine in Aragatsotn province.

1.6 billion drams are will be invested for the project. Currently there are 255 jobs, but 40 new ones will be created within the frames of this investment project with 250,000 average salary.

The total production volume will comprise 10 billion drams.

The cost of goods to be imported comprises 1.6 billion drams. The privilege on exempting from the custom duty comprises 106 million drams.

Editing and Translating by Aneta Harutyunyan

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