Thursday, September 6 2018 11:43
Karine Melikyan

140 AMD/1kg is the upper threshold set by company for purchase of maximum amount of 29 thsd tons, Yerevan Brandy Company clarifies

140 AMD/1kg is the upper threshold set by company for purchase of maximum amount of 29 thsd tons, Yerevan Brandy Company clarifies

ArmInfo. Sharing farmers' emotions and understanding their desire to sell their products profitably, the Yerevan Brandy Company (YBC) this year increased the price of purchased grapes by 10 drams, which made 140 drams per 1 kg.  As ArmInfo was informed on September 4 by the press service of the Ararat Company, the similar price is the upper price limit, which the company is able to pay taking into account the purchase of a maximum volume of 29,000 tons. A price increase by about 8 percent, covers the officially registered inflation in the country 2-fold.  Returning to the issue of increasing prices for pesticides, the source notes that the YBC continues to provide them at prices of previous years, taking the financial burden of their rise in price. To recall, the program of interest-free credit granting of pesticides this year amounted to over 260 million drams.

 

"As for the statements that the company occupies dominant positions or dictates prices for grapes, we should note that such manipulative formulations do not correspond to reality. The company, each year organizing the procurement process as transparently as possible, is solely responsible for the price offered and volumes. Moreover, at the moment, according to our forecasts the price for the next year will be calculated according to the formula "140 drams + officially registered inflation in the country", the message of YBC reads.

 

Taking into account the current situation, the Yerevan Brandy Factory is ready to purchase grapes from all the contractors with whom the company has agreed on the terms. Nevertheless, if one of the wine growers has an intention not to provide grapes or give it to another company, the YBC guarantees that, irrespective of the relevant clauses of the contract, it will not apply any fines.

 

The message emphasizes that the YBC declares the price solely for its enterprise and is not responsible for price speculation of other manufacturers, who purchase less volumes.

 

To recall, the winemakers of the Armavir region on September 4 this year blocked the Armavir-Yerevan route and demanded a revision of the purchase price of the grape from the Armavir branch of the ''Ararat'' Yerevan Brandy Factory. They claimed that the 120-130 drams offered by the purchaser do not cover the prime cost and the costs that they spent on cultivation. Prior to this for 3-4 days grapes were purchased from factories at 160 AMD per 1 kg in accordance with the quality of the grapes. But on September 4, the Yerevan Brandy Company announced a purchase price of AMD 140, which is 10 drams higher than last year. And as soon as Ararat YBC announced this price, the purchase price was reduced by the Proshyan plant and other companies buying grapes. The villagers demanded the return of the previous purchase price.

POST A COMMENT
Input digits     


News
Eurasian Development Bank is interested in financing major  integration projects that are not available.Eurasian Development Bank is interested in financing major  integration projects that are not available.
According to EDB forecasts, 5.3% GDP growth is expected in Armenia in  2019 According to EDB forecasts, 5.3% GDP growth is expected in Armenia in  2019 
International IT Cooperation Platform to be established in ArmeniaInternational IT Cooperation Platform to be established in Armenia
Ruben Vardanyan on the question related to offshore: When you do  something good, always expect bad things Ruben Vardanyan on the question related to offshore: When you do  something good, always expect bad things 
It turned  possible to obtain synthetic petroleum products from coal  obtained as a result of the development of the Karabakh deposit  MagavuzIt turned  possible to obtain synthetic petroleum products from coal  obtained as a result of the development of the Karabakh deposit  Magavuz
International Finance Corporation can assist Armenia in capital  market developmentInternational Finance Corporation can assist Armenia in capital  market development
The head of the SRC for auto-importers: the tax is obliged to adhere  to the framework of the current legislation, but for now will refrain  from measures of administrative coercionThe head of the SRC for auto-importers: the tax is obliged to adhere  to the framework of the current legislation, but for now will refrain  from measures of administrative coercion
Despite the restructuring process, the Ministry of Transport of  Armenia is ready to support new programs and ideasDespite the restructuring process, the Ministry of Transport of  Armenia is ready to support new programs and ideas
EDB forecasts acceleration of economic growth in Armenia in 2019 due  to recovery of investment activityEDB forecasts acceleration of economic growth in Armenia in 2019 due  to recovery of investment activity
EDB launched a settlement system for legal entities with no need to  use SWIFT EDB launched a settlement system for legal entities with no need to  use SWIFT 
Natural gas supplies from Russia to Armenia in January-March 2019  increased by 6%Natural gas supplies from Russia to Armenia in January-March 2019  increased by 6%
Armenia intends to increase transparency in subsoil useArmenia intends to increase transparency in subsoil use
Armenian Foreign Minister visited Armenian Foreign Minister visited "Engineering City"
Armenian parliament amended law on state assistance in the field of  information technologyArmenian parliament amended law on state assistance in the field of  information technology
Armenian parliament approves agreement on trade and economic  cooperation between China and the EAEUArmenian parliament approves agreement on trade and economic  cooperation between China and the EAEU
Beeline Armenia PR manager reads  Beeline Armenia PR manager reads  "PR and Communication Technologies"   lecture for students 
Central Bank of Armenia and KfW to discuss the possibility of  implementing 3 new programs in the fields of renewable energy,  mortgage, trade and SMECentral Bank of Armenia and KfW to discuss the possibility of  implementing 3 new programs in the fields of renewable energy,  mortgage, trade and SME
Within framework of digital services, Ardshinbank activated Within framework of digital services, Ardshinbank activated "Money  transfer by telephone call" service 
Armenian parliament agreed to raise customs duty on cement, leaving  the same rate on clinker unchangedArmenian parliament agreed to raise customs duty on cement, leaving  the same rate on clinker unchanged
Head of Ministry of Emergency Situations doubts effectiveness and  justification of anti-hail stations and calls for thinking about  introduction of agricultural insuranceHead of Ministry of Emergency Situations doubts effectiveness and  justification of anti-hail stations and calls for thinking about  introduction of agricultural insurance
Armenian government ready to consider extending customs duty on  imported clinker for cement productionArmenian government ready to consider extending customs duty on  imported clinker for cement production
Russian company is interested in the program of reforming Yerevan  transport system Russian company is interested in the program of reforming Yerevan  transport system 
Advertising of financial intermediaries to be banned in ArmeniaAdvertising of financial intermediaries to be banned in Armenia
Subsoil Code and the package of related laws have been amended in the  first reading of the Armenian ParliamentSubsoil Code and the package of related laws have been amended in the  first reading of the Armenian Parliament
Armenian SRC carries out various activities at 71 gas filling  stationsArmenian SRC carries out various activities at 71 gas filling  stations
VivaCell-MTS service centers operational on Good FridayVivaCell-MTS service centers operational on Good Friday
Cloud PBX solution by VivaCell-MTS: Cost-efficient services for companiesCloud PBX solution by VivaCell-MTS: Cost-efficient services for companies
Head of SCS: Two companies of farmers-water users are obliged to  restore to the budget the amount of more than 2 billion dramsHead of SCS: Two companies of farmers-water users are obliged to  restore to the budget the amount of more than 2 billion drams
Minister: A 10-year program worth $ 700 million is implemented in  Minister: A 10-year program worth $ 700 million is implemented in  "Armenian Electric Networks" CJSC
The implementation of the modernization program of the second power  unit of the Armenian nuclear power plant will lead to an increase in  plant capacity by 10%The implementation of the modernization program of the second power  unit of the Armenian nuclear power plant will lead to an increase in  plant capacity by 10%


Exchange rates
25.04.2019
RUB7.42-0.14
USD481.570.01
EUR536.23-5.77
GBP620.02-6.54
CAD356.40-3.75
JPY43.04-0.01
CNY71.55-0.24
CHF471.34-1.47


Experts
Former head of the Ministry of Finance: <Confrontation> with Lydian may cost much to ArmeniaFormer head of the Ministry of Finance: with Lydian may cost much to Armenia
Vardan Aramyan: It will be unreasonable if the government goes to revise the allowable national debt ceiling in GDPVardan Aramyan: It will be unreasonable if the government goes to revise the allowable national debt ceiling in GDP
HSBC Bank Armenia increases efficiency and focuses on digital servicesHSBC Bank Armenia increases efficiency and focuses on digital services
Bulgarian Minister: The level of Armenian-Bulgarian economic  cooperation is still unsatisfactoryBulgarian Minister: The level of Armenian-Bulgarian economic  cooperation is still unsatisfactory
Expert: Recruitment market in Armenia from the point of view of  supply and demand is sleepingExpert: Recruitment market in Armenia from the point of view of  supply and demand is sleeping
Expert: Despite the adequacy of Armenian banks` capitals, the  opportunities for its optimal use are severely limitedExpert: Despite the adequacy of Armenian banks` capitals, the  opportunities for its optimal use are severely limited
Association of Organic Agriculture is being created in ArmeniaAssociation of Organic Agriculture is being created in Armenia
Pailak Tadevosyan: Governments change in Armenia, but taxation  approaches do not changePailak Tadevosyan: Governments change in Armenia, but taxation  approaches do not change
Rouben Indjikian: Everyone should follow the established unified and fair rules of the gameRouben Indjikian: Everyone should follow the established unified and fair rules of the game
Mher Arakelyan:  Armenia`s payment business has great prospectsMher Arakelyan:  Armenia`s payment business has great prospects
Rating-Agentur Expert RA GmbH and AmRating issued an industry report  on Armenia`s banking systemRating-Agentur Expert RA GmbH and AmRating issued an industry report on Armenia`s banking system
Igor Nazaruk: Each planted sprout has the right to a successful prospect if it is cherished and taken care ofIgor Nazaruk: Each planted sprout has the right to a successful prospect if it is cherished and taken care of
Ara Khzmalyan: Armenia is comfortable to Russian touristAra Khzmalyan: Armenia is comfortable to Russian tourist
The Armenian delegation to the US followed the advice of President TrumpThe Armenian delegation to the US followed the advice of President Trump
Outflow of population and passivity of the Diaspora pushes property prices downOutflow of population and passivity of the Diaspora pushes property prices down
Finombudsman: Amendments to the Civil Code on the imposition of fines and penalties will reduce the number of outstanding loans and  non-creditworthy consumersFinombudsman: Amendments to the Civil Code on the imposition of fines and penalties will reduce the number of outstanding loans and non-creditworthy consumers
Vahan Shakaryan: If we promote Armenia, the promotion of economic sectors will not be a run with obstacles, but a light run for short distancesVahan Shakaryan: If we promote Armenia, the promotion of economic sectors will not be a run with obstacles, but a light run for short distances
Gagik Aghajanyan: There is no need to look for alternatives - it is necessary to work and develop actual   directionsGagik Aghajanyan: There is no need to look for alternatives - it is necessary to work and develop actual   directions
Vitaly Nesis: Armenia is very promising from the geological point of viewVitaly Nesis: Armenia is very promising from the geological point of view
The market of OSAGO goes into virtual spaceThe market of OSAGO goes into virtual space

Search by date

Government Bonds

 

ISIN AMGT13291250
Auction ID AMGB1029A250A
Date 02.02.2019
Issue date 29.10.2019
Issue volume (AMD) 50 000 000 000
Maturity date 29.10.2025
Coupon year yield 11.00%
Auction volume (AMD) 1000 000 000 - 2.000 000 000
Auction date 12.05.2017
DLS
Total amount (AMD) 1 000 000 000
Amount of the total bids (AMD) 787 200 000
Amount of the total accepted bids (AMD) 787 200 000
Cut of yield (%) 10,6447
Weighted avrage yield (%) 10,6447
Auction max  yield (%) 10,6447
Auction min  yield (%) 10,6447
Number of participants 5
ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000

Commented
Overdue loans accelerate growth in banking system of ArmeniaOverdue loans accelerate growth in banking system of Armenia
RA Prime Minister: European Union is not ready to finance 100% of  development programs implementation in ArmeniaRA Prime Minister: European Union is not ready to finance 100% of  development programs implementation in Armenia
T.Avinyan: The Government is open for cooperation and encourages  active dialogue and interaction in all areas T.Avinyan: The Government is open for cooperation and encourages  active dialogue and interaction in all areas 
Agreement on construction of a new unit with combined gas cycle  signed in YerevanAgreement on construction of a new unit with combined gas cycle  signed in Yerevan
Veolia Jur: Regulatory charges are false and unfoundedVeolia Jur: Regulatory charges are false and unfounded
Armenian Prime Minister: We are gaining momentum for economic takeoffArmenian Prime Minister: We are gaining momentum for economic takeoff
Through the mobile banking application of Ardshinbank you can get a  loan in seconds.Through the mobile banking application of Ardshinbank you can get a  loan in seconds.
By the end of 2018, By the end of 2018, "Galburdjian Group" will launch the production of  sesame oil in Armenia
Expert: Armenia has a problem with effective use of water resources,  rather than small hydropower stationsExpert: Armenia has a problem with effective use of water resources,  rather than small hydropower stations
Investment forum Investment forum "Energy Week 2018" to be held in Armenia
Expert: It is necessary to start implementing the program for the  construction of a new nuclear unitExpert: It is necessary to start implementing the program for the  construction of a new nuclear unit
The Armenian government suggests raising the minimum pension by 60%The Armenian government suggests raising the minimum pension by 60%
The updated feasibility study of construction project of electricity transmission line Armenia- Georgia will be ready by the end of the year - the Ministry of EnergyThe updated feasibility study of construction project of electricity transmission line Armenia- Georgia will be ready by the end of the year - the Ministry of Energy
Eurasian Development Bank wishes to expand its activities in ArmeniaEurasian Development Bank wishes to expand its activities in Armenia
$ 100 million to be invested in repatriation project Build Armenia$ 100 million to be invested in repatriation project Build Armenia
FRV: Armenia`s growing desire to increase renewable energy sources is  a decisive factorFRV: Armenia`s growing desire to increase renewable energy sources is a decisive factor
Suren Papikyan: It`s safe now to do business in Armenia, assures  Armenian MinisterSuren Papikyan: It`s safe now to do business in Armenia, assures  Armenian Minister
Armenian state debt started reducing up to $6.7 bln to June 1 2018Armenian state debt started reducing up to $6.7 bln to June 1 2018
Minister: Implementation of program on liberalization of the electric  power complex of Armenia will be completed within the next two yearsMinister: Implementation of program on liberalization of the electric  power complex of Armenia will be completed within the next two years
Nikol Pashinyan: In a number of cases after paying fines and  penalties the borrowers will be allowed to take new loan Nikol Pashinyan: In a number of cases after paying fines and  penalties the borrowers will be allowed to take new loan 
German bank KFW urges Armenia to build power line in the direction to  GeorgiaGerman bank KFW urges Armenia to build power line in the direction to  Georgia
Anna Chobanyan-one of most likely candidates for new Head of General  Department of Civil Aviation Anna Chobanyan-one of most likely candidates for new Head of General  Department of Civil Aviation 
IFAD confirms its readiness to develop and implement new joint programs with Armenia`s Agriculture MinistryIFAD confirms its readiness to develop and implement new joint programs with Armenia`s Agriculture Ministry
Rosselkhoznadzor asks not politicize the issue of deliveries of tomatoes from Armenia to RussiaRosselkhoznadzor asks not politicize the issue of deliveries of tomatoes from Armenia to Russia
Armenian nuclear power station has a resource for work for another 30  yearsArmenian nuclear power station has a resource for work for another 30 years
Premier: Construction of a new nuclear power plant in Armenia is one of the priorities of the new government of the countryPremier: Construction of a new nuclear power plant in Armenia is one of the priorities of the new government of the country