Armenia’s annual wine production growth is 20 percent
08.10.2012,
17:41
Armenia’s wines production has been growing by 20 percent annually over the last five years thanks to fresh investments, according to Hayk Mirzoyan, head of an economy department overseeing industrial policy.
YEREVAN, October 8. / ARKA /. Armenia’s wines production has been growing by 20 percent annually over the last five years thanks to fresh investments, according to Hayk Mirzoyan, head of an economy department overseeing industrial policy.
"Today we have more than 20 wineries, including Armenia Wine, which was provided with government support, and the recently opened Terras de Armenia. We expect another winery with Italian capital to open soon. It is called Golden Grape Armas,’ he said adding that this company was given a VAT payment deferment.
Mirzoyan said the government assistance to Armenia Wine and Golden Grape Armas has made a total of 8 billion drams. He also said the economy ministry has prepared a strategy of wine industry development, as well as a plan of actions for its implementation, which will soon be presented for approval of the prime minister’s industry council. "We are going to triple wine production and its export by 2020,” he stressed. According to official data, in 2011 Armenia produced 5.6 million liters of wine, of which 12.5% were exported.
Wine production was said also to have increased by almost 12 percent in the first half of 2012 from a year before to 1.68 billion drams. Overall sales amounted to 1.76 billion drams, by nearly 33 percent more year-on-year. Exports in the first six months stood at 522.7 million drams, a 16.7% increase from a year earlier. -0-
