VanSevan to invest 150 million drams in winemaking

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08.02.2018, 18:38

The Armenian government decided today to provide the VanSevan company with customs privileges for the import of raw materials and equipment worth 37.8 million drams.

VanSevan to invest 150 million drams in winemaking

YEREVAN, February 8. /ARKA/. The Armenian government decided today to provide the VanSevan company with customs privileges for the import of raw materials and equipment worth 37.8 million drams.

The decision was grounded by the company’s pledge to invest 150 million drams in wine production and create 7 new jobs with an average monthly salary of 160,000 drams.

Deputy Minister of Economic Development and Investments Tigran Khachatryan said VanSevan LLC plans to increase the output to 680 million drams a year in 36 months. ($ 1 - 481.86 drams). -0-

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