Wednesday, June 10 2020 18:21
Alina Hovhannisyan

Institutional changes prepared in Armenia to stimulate brandy   production

Institutional changes prepared in Armenia to stimulate brandy   production

ArmInfo. At a meeting of the RA  National Assembly's Standing Committee on Economic Affairs on June  10, RA Deputy Minister of Economy Arman Khojoyan presented a bill  providing for reduction of state duty for producers of brandy, brandy  alcohol and alcoholic drinks based on honey.

The purpose of the bill, as the deputy head of the economic  department noted, is to create favorable conditions for beginner  small and medium producers. According to the current law, the state  duty for producers of brandy and brandy alcohol today is set at 10  million drams, which, according to Khojoyan, is a serious obstacle to  business development. A tariff of 15 million drams is in effect for  the production of mead, and this despite the fact that the demand for  this type of alcoholic beverage is not so high.  <This is a  well-known fact that it takes three years to make brandy, so it turns  out that the manufacturer pays 30 million drams before starting to  sell his products. We propose that this bill before the start of the  process of selling brandy / brandy alcohol / mead annually pay a  state fee in the amount of 50 thousand drams. When the manufacturer  starts the implementation process, only then it will be required to  pay 10 million drams>, he explained.

At the same time, Khojoyan noted that such changes were proposed  based on the results of discussions with manufacturers who shared  their problems and observations. In this context, the deputy minister  stressed that at the moment in Armenia there are already 15 medium  and small entrepreneurs who have expressed a desire to begin  production of brandy and brandy alcohol.  It should be noted that  this bill was postponed for discussion at the plenary session of the  National Assembly of the Republic of Armenia.