Swiss Ambassador to Armenia Lukas Gasser: Switzerland will try to contribute to a peaceful settlement of the Nagorno-Karabakh conflict without questioning the established formats such as the OSCE Minsk process
by Nana Martirosyan
President of Armenia Serzh Sargsyan paid a working visit to the Kotayk region of Armenia, 22 October.
As ArmInfo correspondent reported, over the trip, Sargsyan visited the "Wine and brandy House - Shakhnazaryan" in Eghvard and familiarized himself with the job conditions at the company, the investments and development programmes.
As Director General of the company Samvel Shakhnazaryan told journalists, since 2005 the company was functioning at the Parakar wine and brandy factory, and since 2009 it has been functioning at the new building in Eghvard. At present the company has more than 80 employees with an average salary 178 thsd drams ($450).
The company exported 520 thsd bottles of brandy over the current year, and the production volumes will grow, he said and added that they are going make $12 mln investments in the company. "At present, our brandy is exported to Kazakhstan, Ukraine and Russia, the lion's share is exported to Russia. It is beneficial to us to join the Customs Union as in that case the excise duties and VAT will remain in the country and replenish our state budget. As for the European market, its standards are too high and capabilities small", - Shakhnazaryan concluded.