// IP Marketing video - START// IP Marketing video - END

Economy Minister: agricultural processing industry promising for Armenia

Economy Minister: agricultural processing industry promising for Armenia

PanARMENIAN.Net - The Armenian Minister of Economy Tigran Davtyan deems agricultural processing industry quite promising for the country’s economy.

“Here we apply our comparative advantage. Armenian natural juices and concentrates enjoy popularity in the CIS and European markets,” he said during a visit to Euroterm CJSC (NOYAN brand) in Armenia’s Armavir province on March 28.

In this context, the Minister stressed the need for the government to make efforts aimed at expanding the outlet and boosting production volume, with all “the conditions present for that.”

The Company plans to construct a new fruits and vegetables processing plant, which is set to annually produce 7.5 thous. tons of fruit and vegetable concentrates and to meet European standards due to the high-quality equipment, quality of the products and favorable working conditions.

Euroterm CJSC is considered a leading Armenian enterprise in the field of processing of agricultural products and production of juice and nectar, that are exported to Russia, the U.S., Ukraine, France, Germany, Georgia, UAE and Iran.

 Top stories
The financing will be directed to energy efficiency, renewable energy, agribusiness, food processing, education and healthcare projects.
Gazprom supplies gas to Armenia through Georgia, but the transit agreement expires at the end of 2016, and Gazprom is keen to reduce the fee.
A proposal made at a Cabinet session suggested that the watchdog apply differentiated rates for natural gas and electricity.
The M6 highway is a vital link connecting Armenia with Georgia and beyond, providing the shortest link between the respective capitals.
Partner news