New brandy, wine factory to be established in Armenian village with governmental support
The Government of Armenia granted a three-year VAT payment delay for the Manukyan Brandy Factory, a company that is planning to produce brandy, wine and fruit vodka in a new and modern factory to be established in Balahovit, a village in Kotayk Province.
The production phase will start in 2020.
The company will make nearly 2,8 billion drams in investments.
