Van Sevan Winery invests 150 million AMD in production expansion.

ArmInfo. Van Sevan Winery invests 150 million AMD in production expansion. On February 8, Armenian Government approved the company's application for exemption from import customs duty on imported technological equipment, their components and components, raw materials and materials.

According to the Deputy Minister of Economic Development and Investments of Armenia Tigran Khachatryan, tax privilege is granted for equipment and raw materials worth 37.8 million AMD. Within the framework of the investment program, 7 new jobs will be created with an average monthly salary of 160 thousand AMD. In the third year of production, the company plans to increase the output to 684 million drams, of which 17 million AMD will be sold in Armenia, 152.6 million AMD will be exported to the EAEU countries, and 514.4 million drams to third countries.