Tuesday, March 3 2026 12:57
Alexandr Avanesov

Armenian authorities have no problems with bona fide business  entities - minister 

Armenian authorities have no problems with bona fide business  entities - minister 

ArmInfo. The Armenian authorities have no problems with bona fide business entities; problems arise with those who try to present wishful thinking as  reality. This was stated by RA Minister of Economy Gevork Papoyan from the podium of the National Assembly on March 3.

The minister noted that the country has well-known cognac factories  that have been purchasing grapes for years, producing cognac and  cognac spirit from them. The state has been and will continue to  support such companies. However, there are also businesses that  haven't purchased a single gram of grapes, but planned to export  millions of liters of cognac spirit.

The minister noted that the state has serious problems with these  companies. "Whose spirit are they exporting if they haven't secured  the required amount of raw materials? And why should we be with them?   We'll be with those who buy grapes from farmers. As for everyone  else, that's no longer the ministry's problem. With their actions,  they're damaging the image of Armenian cognac and the Armenian  state," noted Gevork Papoyan.