300mln AMD invested in the Stepanakert Wine-Brandy Factory after the privatization

31.08.2006 | 16:55 Home / News / News /

Yerevan, August 30 /Mediamax/. The volume of the investments, made in the Stepanakert Wine-Brandy Factory starting from its privatization in early 2006, made 300mln AMD.

The co-owner of the enterprise Araik Harutyunian said this in an interview to Mediamax. He stated that the investments made excel the schedule - according to the privatization commitments, the new owners of the factory have to invest 600mln AMD in the factory during a two-year period.

The launch of the factory is planned for the summer of 2007. It is expected that the number of its employees will make 120-150 people.

At present, funds are invested in the construction works, the restoration and the purchasing of production equipment.

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