Golden Bakery has established an eastern bakery in Yerevan with the support of Business Armenia and USD 225,000 foreign investment.

Business Armenia said that the new enterprize will produce and deliver to Yerevan’s trade points eastern baked goods such as  loshik, zatar, cheese, other types of bread, and Middle Eastern cookies.

The project created 7 new jobs.

“We will invest another USD 150,000 during the next 3 years. We also aim to export our bakery products to Georgia,” said Sevan Artin, CEO at Golden Bakery.

“In order to make these investments more smoothly, Business Armenia helped Golden Bakery access government benefits for the import of equipment and raw materials,” stated Hayk Mirzoyan, Investors’ support team leader at Business Armenia.

During the investment process in Armenia, the businessman collaborated with Riviera Capital Investment Company, which developed a business plan and shaped a development strategy.

“In addition to making mutually beneficial deals, we are also interested in increasing the wave of investment in Armenia,” added Garen Mikirditsian, the founder of Riviera Capital.