THE PROVISION OF STATE PRIVILEGES TO INDUSTRIAL ENTERPRISES CONTINUES

ARMENPRESS
19 July, 2012
YEREVAN

YEREVAN, JULY 19, ARMENPRESS: ~SArmenia Wine ~Sfactory LTD proposes
to expand its activities and to form new units. 1.4 billion AMD worth
equipment is scheduled to be invested in the frame of investment
programs. As Armenpress reports, this decision was approved by
Government July 19 session.

Minister of Economy of the Republic of Armenia Tigran Davtyan stated
this is a new program of the company which is set to expand the
production capacity of the units. ~SCurrently 6 billion investment
has been made, which works effectively.

The continuation of the program stipulates to increase the number of
job places up to 150, the average salary with 135 thousand AMD. The
product is scheduled to be exported in the Republic of Armenia:
a serious export is going to kick off~T the Minister concluded.

In the words of the interlocutor the previous program was successfully
carried out, and it is gratifying that it is being expanded.

PM Sargsyan high estimated the idea of the program: as recently
a number of wine projects is being implemented and it is obvious
that the efforts must be directed to export~T .In this context joint
junctions are needed for the formation of Armenian wine brand and
win our place in the market~T PM noted.

From: Emil Lazarian | Ararat NewsPress