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Armenia Does Not Insure Foreign Investors Against Phylloxera

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  • Armenia Does Not Insure Foreign Investors Against Phylloxera

    ARMENIA DOES NOT INSURE FOREIGN INVESTORS AGAINST PHYLLOXERA

    PanARMENIAN.Net
    September 23, 2011 - 14:58 AMT

    PanARMENIAN.Net - Existence of dangerous quarantine pests,
    phylloxera, destroying vast vineyards all over the world, hinder
    foreign investments in Armenia, according to chairman of the Union
    of Winemakers of Armenia.

    "Foreign investors are not assured that their vineyards in Ararat
    Valley, in Vayots Dzor province or somewhere else will not be infected
    with phylloxera," Avag Harutyunyan told journalists in Yerevan on
    September 23.

    Here, Harutyunyan added that, on the one hand legislation bans
    investors from planting sorts of grapes resistant to phylloxera,
    but on the other hand there are no mechanisms of insurance.



    From: Emil Lazarian | Ararat NewsPress
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