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Wine-Making Development In Armenia Needs Around Euro 150 Million Inv

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  • Wine-Making Development In Armenia Needs Around Euro 150 Million Inv

    WINE-MAKING DEVELOPMENT IN ARMENIA NEEDS AROUND EURO 150 MILLION INVESTMENTS

    /PanARMENIAN.Net/
    16.11.2009 15:23 GMT+04:00

    /PanARMENIAN.Net/ Wine-making development in Armenia needs around
    Euro 150 million investments, Avag Harutyunyan, head of Armenian wine
    makers union told PanARMENIAN.Net reporter. "Outdated technologies
    are being used in Armenia for wine production," he said.

    In this context, wine makers union head added that Euro 3-4 million
    investments are required for technological equipment of a factory
    with 300 000 bottles' annual production capacity. "Around 50 high
    technology factories are necessary for Armenia to gain competitiveness
    in world market within 5-6 years," Avag Harutyunyan explained.

    Commenting on the possibility of consortium creation, prompted by
    Italian wine makers' development example, Avag Harutyunyan noted,
    "The idea is a useful one. Still, in the first place, our wine makers
    need quality equipment, which is a priority task at the moment".

    From: Emil Lazarian | Ararat NewsPress
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