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INECOBANK receives first US$5mn tranche from EBRD to finance renewable energy and SME

Banks buy $1.7 million out of $4 million offered by Central Bank on 20 December

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Anelik Bank faces no problems with liquidity amid national dram hyper-devaluation due to financial support Credit Bank S.A.L.

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Nagorno-Karabakh PM: Question whether there should be a customs point on Armenian-NKR border is no longer on agenda

Expert: AMD's depreciation will not prevent Armenian Government from fulfilling next year's budget

House of Representatives of Belarus ratifies agreement on Armenia's accession to Eurasian Economic Union

Prosecutor insists on life and 22-year terms for Azeri raiders

Open Days at Yerevan Brandy Company

John Heffern says Armenia has not received invitation by Millennium Challenge Corporation this year

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ARFD: The Turkish-Azerbaijani tandem has sharply activated at the world arena

John Heffern: Agreement on Vorotan Cascade of HPPs to be signed shortly

Kazakhstan Senate ratifies treaty on Armenia's accession to EEU

Drivers of public mini-van go on being on strike because of raising fuel price

Armenian PM: There will be no more shocks on financial market

Armenia's Central Bank tries to sell $4mln but nobody buys it

Beeline to complete digitization of the network in Metsavan, Norashen and Kuchak communities

European Union launches 15 new projects in Armenia

Inga Zarafyan: Mining industry has leading positions in terms of environmental damage

Hovik Abrahamyan familiarizes himself with prices at Armenian supermarkets

Rostelecom expands network of acceptance of payments through banks

Baby born with parasitic twin fetus in Armenia

Parliament of Kazakhstan ratifies treaty on Armenia's accession to EEU

Public transport drivers in Nor-Nork District in Yerevan block road to city center

Artur Javadyan: Armenia's Central Bank is not planning prescheduled revision of its refinancing rate

Armenia's CB: AMD's hyper-depreciation has been caused by panic and speculations

Small business in Armenia to be red-listed

In spite of its winegrowing promotion programs it took Great Valley Company almost a year to pay to farmers for procured grapes

  • Thursday, June 9, 07:22

Great Valley Company leadership declares that it has paid for the procurement of grapes for 2010 in late May and has no debts to farms, the company reported.

It is noteworthy that a month ago in a press conference Deputy Minister of Agriculture of Armenia Samvel Galstyan blamed Great Valley and Aygezard Winery for their debts to farmers for the last year's procurement of grapes in the amount of 120 mln drams.  Although it took Great Valley almost a year to pay for the procured grapes, the company declares that it "is continuously and urposefully implementing a program of revival and promotion of winegrowing and winemaking despite the foes that organized sabotage and armed attack on the procurement points." 

The company's press release says that the company will provide interest free loans to Armenian farmers for the harvest of the current year to boost native winegrowing. The terms of the loans are not reported. ArmInfo's correspondent could not get any more details in the company either. 

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