February 17, 2009 - 17:43 AMT
Hrant Vardanyan guarantees stability for Grand Holding employees
Despite the global economic crisis, Grand Holding President Hrant Vardanyan guarantees stability for his employees and also plans expansion of Holding's activities.

"Presently, Grand Holding numbers 4300 employees. Besides, dozens of thousands of rural residents are engaged in Holding's various activities. The average salary of the employee amounts to AMD 120 thousand," Hrant Vardanyan told a news conference today.

"Grand Holding, one of the major tax payers in Armenia, filled the state budget with 11.6 billion in 2008," he said. "The export of cigarettes and tobacco abroad totaled $5.7 billion."

Mr. Vartanyan also informed that Grand Candy Ltd. paid AMD 1.9 million tax in 2008.