ArmInfo. The Armenian government exempted Armenia Wine from customs duties on the import of technological equipment, their components raw materials and (or) materials. According to the statement substantiating the draft government decision, the exemption from customs duties is 106 million drams.
As part of this decision, Armenia Wine intends to invest 1.6 billion drams and create 40 new jobs with an average salary of 250 thousand drams.
Thanks to this investment program, it will be possible to produce products worth 10 billion drams, of which 5 billion drams will be sold in the domestic market, 4.2 billion drams in the EAEU and 800 million drams in third-country markets.
According to the source, in 2016 the enterprise was also exempted from customs duties by the decision of the government, as a result of which Armenia Wine made investments in the amount of 3.3 billion drams and created 255 jobs.
It should be noted that starting with the planting of vineyards in 2006, Armenia Wine winery was founded in 2008. After 4 years - in 2010, the company presented its products to the Armenian consumer. <Armenia Wine> wines are produced from Armenian and European grape varieties purchased in four regions of Armenia, and grape varieties grown in own vineyards are increasing from year to year. The company in Armenia today is one of the leaders in the production and export of quality wine.
