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Alvina Grigoryan To Run State-Owned Armenian Fruit Company

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  • Alvina Grigoryan To Run State-Owned Armenian Fruit Company

    ALVINA GRIGORYAN TO RUN STATE-OWNED ARMENIAN FRUIT COMPANY

    /ARKA/
    August 11, 2011
    YEREVAN

    Alvina Grigoryan has become the executive director of state-owned
    Armenian Fruit OJSC by winning an appropriate tender, the government's
    press office reported on Wednesday.

    The decision was made on Tuesday at the Creation of Rural Opportunities
    program's regular session presided by Prime Minister Tigran Sargsyan.

    The state-run Armenian Fruit was established as part of this program,
    which is aimed at reduction of poverty and improvement of living
    standards in rural areas by planting fruit trees.

    About $52 million has been targeted for establishment of this company.

    Of this amount, $13.5 million has been received from IFAD and $20
    million from OPEC.

    Danish government will allocate $3.5 million for consulting services.

    Beneficiaries will provide $3 million and the government $11 million.

    The company will import seedlings and will run all the procedures
    necessary for receiving final products.

    Issues related top preserving, sorting, selling and exporting of
    final products will also be within the company's competence.

    Some 700 hectares are planned to be planted with fruit trees under
    this program.

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