  YBC brandy production decreased by 36% March 14, 2010 - 17:10 AMT PanARMENIAN.Net - Due to the global financial crisis, the Yerevan Brandy Company (YBC) has reduced brandy production by 36%. “Nevertheless, we are hopeful that we will be able to regain the 2007 index by 2012,” YBC Executive Director Ara Grigoryan said at a news conference in Berd, a town in Tavush region of Armenia. He also said the company did not succeed in diversification or in search of new markets in 2009 but it will work to reduce dependence on Russia’s market in the future. YBC Production Director Philippe Thibaud said for his part that Armenian brandy is competitive at the international market. “The peculiarities of Armenian brandy are the sorts of grapes, soil and climate,” he said.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Putin congratulates Pashinyan’s birthday  Russian President Vladimir Putin congratulated Armenian Prime Minister Nikol Pashinyan on his birthday on June 1.Opposition motorcade en route to Gyumri for large rally A motorcade of protesters headed by Archbishop Bagrat Galstanyan is heading to the city of Gyumri.Ruling MPs, Foreign Minister talk Armenia-Azerbaijan processes MOs from the ruling Civil Contract party met with the Foreign Minister Ararat Mirzoyan in the Armenian parliament.Russia: Armenia’s frozen membership weakens CSTO position in Caucasus A Russian envoy said any step that could alienate the CSTO member states from each other is “deeply wrong”. |
