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Regional

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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