Announcement

Collapse
No announcement yet.

Wine Producers Promise To Pay Off Outstanding Debts To Farmers

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Wine Producers Promise To Pay Off Outstanding Debts To Farmers

    WINE PRODUCERS PROMISE TO PAY OFF OUTSTANDING DEBTS TO FARMERS

    /ARKA/
    MAY 27, 2011
    YEREVAN

    YEREVAN, May 27. / ARKA /. Armenian wine producers will pay off their
    debts to farmers for last year's purchase of grapes, the ministry of
    agriculture said today in a press release.

    According to the ministry, Armenian wineries purchased last year
    16.789 billion drams worth grapes and so far have paid off 16.741
    billion drams.

    "The outstanding debt is 39.5 million drams, of which 36 million drams
    is the debt of Great Valley winery, 1.5 million drams is the debt of
    Areni Wines company and 2 million drams is the debt of Arpa Alco.

    Chief executives of these companies assured the ministry that the
    debts will paid off until June 15. ($ 1 - 377.6 drams).

Working...
X