Zhoghovurd: Ruble’s depreciation causes damage to Yerevan Beer
11:06 06/12/2014 >> DAILY PRESS
Yerevan Beer company is suffering great losses due to the depreciation
of the Russian ruble. Company’s deputy director Armen Hayiryan told
Zhoghovurd that the company has been exporting its production to
Russia for a long time, but it had to cut the export volumes due to
the ruble’s devaluation.
“Several problems arise when purchasers realize the products on the
spot and the purchasing ability of people is declining. Otherwise we
could export a larger volume of beer to Russia,” Hayiryan said.