Newsfeed

Nikol Pashinyan: Levon Ter-Petrosyan and Serzh Sargsyan plot yielding territories around Nagorno Karabakh to Azerbaijan

"Daredevils of Sasoun" reportedly releases two of four hostages

NKR Defense Army soldier wounded, as Azerbaijan violates ceasefire

Armenia and UAE sign agreement to boost and protect investments

Sharmazanov: It is more likely that Kura River changes its course and falls into Black Sea than Karabakh becomes part of Azerbaijan with any status

Galust Sahakyan: Talks on possible resignation of Armenian government are rumors

Russian political scientist: Destabilization of situation and pressure on authorities prevail in "Sasna Tsrer" group's actions

Statements that five districts adjacent to Nagorno Karabakh will be passed to Azerbaijan exert pressure on the process, Bryza says

Levon Ter-Petrosyan: It is senseless to analyze the reasons that led to armed seizure of state building

President: In Armenia problems are not settled through brutal force and hostage taking - this situation continues longer than we can afford

Serzh Sargsyan: Punishment of those guilty inevitable

Newspaper: After talks with "Daredevils of Sasoun," Vitaly Balasanyan met with Serzh Sargsyan

Social media warn: physical attack prepared on Nikol Pashinyan

Views from Tel Aviv: Loss of control over country may push external powers to settle Karabakh conflict not in favor of Armenian people

Armenia's Defense Ministry confirms: Azerbaijani side targets school in near border village of Movses

Maria Zakharova slams Armenian and Azerbaijani journalists

Azerbaijan keeps intensively violating ceasefire on Line of Contact

Republican Party of Armenia for peaceful resolution of standoff and hostage situation in Yerevan

Night was calm near seized building of Patrol Police Station in Yerevan

Government of Armenia dismisses idea of creating "Aviation Code"

Cyber security specialists to be trained in Armenia with support of Kaspersky Lab

Zakharova: Moscow hopes process around Nagorno Karabakh will not lose its dynamics

Paul Goble says Moscow has lost its interest in Christian Armenia and is moving to increase its ties with majority Shia Islamic Azerbaijan, Armenia's longtime enemy, and now with Sunni Turkey

Vartan Oskanian sees the solution to the current situation in Yerevan in political field only

Meeting of Vitaly Balasanyan and armed loyalists of jailed oppositionist is over; no details are reported

Maria Zakharova: We support measures taken by Armenia's authorities over seized Patrol Service Regiment in Yerevan

EU Delegation in Armenia makes a statement on recent events in Armenia

Forecast: Russian policy's stagnant Armenian vector fraught with "Ukrainization" of Armenia

Authorities send Vitaly Balasanyan to rebels as negotiator

View from Moscow: Role of April war in current protests in Armenia should not be underestimated

Healthcare Minister: None of those suffered in clashes at Khorenatsi Street is in extremely critical condition

Ara Abrahamyan: Situation in Yerevan demonstrates that there is a need for dialog between society and authorities

Azerbaijani side did not lead OSCE mission to its frontlines during planned monitoring of Line of Contact

Armenia's Economy Minister calls for tolerance and reasonableness

Analyst: In negotiations with Zhirayr Sefilyan's supporters authorities should consider factor of weapons fallen in the rebels' hands

Investigative Committee: 16 people arrested on suspicion of participating in mass disorder at Khorenatsi Street

In H1 2016, Anelik Bank increased deposit portfolio by 13.5% y-o-y due to significant growth of private deposits

Adversary continues to intensively violate ceasefire on Line of Contact

Armenian Police gives explanations related to clashes at Khorenatsi Street overnight

Police: 136 people detained following clashes at Khorenatsi Street

Armenian Prime Minister assures that the authorities will do everything possible for peaceful resolution of the situation

Armenian Ombudsman's Office condemns use of violation against journalists

Healthcare Ministry: 45 injured people including 25 policemen applied to medical centers after clashes at Khorenatsi Street

Armenian Ombudsman's Office urges protesters to observe the law on holding peaceful assemblies

Situation at Khorenatsi Street is calm after police drove off demonstrators

Analyst: Chaos instigated in Middle East, Turkey and Caucasus aims at subordinating Europe and Russia

Supporters of "Sasna Tsrer" group hold a moment of silence in memory of killed Police Colonel

Supporters of "Sasna Tsrer" group gathering at Khorenatsi Street

Group of Armenian intellectuals urged Zhirayr Sefilyan to influence on his supporters from Sasna Tsrer

Secretary General of Armenia in UNESCO: Yerevan has constantly voiced the issue of its cultural heritage preservation in other countries

Regional

Light industry in Armenia is desolate but not hopeless

  • by Elita Babayan

  • Friday, July 18, 16:16

 Light industry in Armenia is desolate but not hopeless, Suren Bekirski, Director General of the Tosp knitwear factory, says in an interview to ArmInfo when commenting on the lack of progress in the light industry development in Armenia.    

To recall, the development of the given sector is part of the Armenian Government's concept of export promotion, which implies boosting 11 sectors of Armenian economy, with the 7th sector being the light industry. 

Bekirski welcomes the authorities' program, however, he points at the lack of integrated measures to support the manufacturers. "The rehabilitation of light industry in Armenia needs the state's serious support in creation of a raw material base, considerable facilitation of the tax burden, promotion of the Armenian brand first in the Russian and Asian markets, and then in the European markets", he says. He adds that the given sector has similarly been developing in China, Israel, Turkey and Belarus. "The light industry sector in these countries enjoys the state's support, even the taxes are completely cancelled and preferential loans and other privileges are provided", he says. He stresses that the lack of support questions the further existence of light industry in Armenia. 
"Over the past two decades, the light industry sector has completely collapsed, and the almost full loss of sales markets has become the biggest problem for entrepreneurs", Bekirski says. He thinks the country's reputation as a serious supplier has been undermined. 

Nevertheless, the entrepreneur points out the importance of the fact that light industry is declared a priority by the Armenian Government. Bekirski says that the state budget has allocated nearly $300 thsd for elaboration and implementation of the marketing strategy for the light industry companies. "In addition, we are currently studying an idea to open a trade center of light industrial goods in Moscow and we need state- secured borrowed funds. Besides, we need highly skilled marketing specialists and traders in the Russian market, who will be able to promote and sell the Armenian brand. The Armenian community in Russia may also considerably help promote the local brand", says Bekirski. 

The large enterprise, which had about 5,000 employees and used to supply all the post-Soviet area with knitwear, has turned into a small factory. The factory's condition has been very difficult for over two decades, but the factory hopes that some day the loud promises of the authorities will turn into specific actions at last. 
To note, the Armenian authorities started speaking of the need to rehabilitate light industry back in 2010. In 2013 the Made in Armenia store opened in Yerevan. It unites several Armenian brands. The founders of the store believe that the small store will mark the beginning of big achievements in light industry. However, the customers of the store have a different impression about the prospects of the store. 

The local manufacturers' goods cover only 10% of the domestic demand, while the annual turnover of light industry goods in Armenia is $280 million. To recall, in August 2011 the Union of Light Industry Employers was registered in Armenia. The Union includes about 25 companies, while there are about 60 companies in the sector. Meanwhile, the owner of the Made in Armenia store has frankly told ArmInfo's correspondent that he is aware of neither the Union nor any other association of light industry manufacturers. The state's support is out of the question. He says that the store operates on the basis of minimum margin in order to ensure sales. 
To recall, Tosp was reorganized into an OJSC in 1995. At the moment, the factory has 4 stores in Yerevan.  The average monthly revenue of each of the stores is about 3.5 million AMD.

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields