"And" LLC invests 68.5 million AMD in honey, honey and apple vinegar production

ArmInfo. LLC "And" invests  68.5 million AMD in the production of honey, honey and apple vinegar.  On September 14, the Armenian government approved the company's  application for exemption of import customs duty with regard to  imported equipment.

According to the Minister of Economic Development and Investments of  Armenia Suren Karayan, within the framework of the investment program  it is planned to create 12 permanent and 44 seasonal jobs. The  products will be exported to the United States and the United Arab  Emirates.

"AND" was established in 2014, engaged in gardening and beekeeping.  The company cooperates with leading European horticultural and  beekeeping organizations, uses advanced technologies in the  production of its products. In particular, in apple orchards on the  slope of Ishkhanasar (1,800 m above sea level), where the seedlings  from Europe took root, a drip irrigation system is used, anti-hail  nets are installed. In the field of beekeeping, the company  cooperates with German and Danish organizations that produce funds  and equipment for breeding bee colonies. The company's apiaries are  on the slope of Ishkhanasar mountain and in Karvachar. According to  the data of the Customs Service of Armenia, in 2010 Armenia exported  10.5 tons of honey, reducing the exported product by 12.5%, while  revenue decreased by 37% to $ 91.4 thousand. Meanwhile, Armenia  increased the volume of imported honey by 22% to 16.1 tons,  increasing the customs value 2.3 times to $ 39.8 thousand. The bulk  of exports falls on the United States (63%), the United Arab Emirates  (13.3%) and Russia (10.5%). And almost all the import of honey falls  on Russia (95.6%).