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    Thread: Armenia's Economic Pulse

    1. #1321
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      Re: Armenia's Economic Pulse

      .

      YEREVAN. – Spayka company of Armenia is launching the production of blue cheese.


      https://news.am/eng/news/385444.html

      Head of the Project Management Division at Spayka, Karen Baghdasaryan, informed about the aforesaid at a press conference on Wednesday.

      “Studying the Russian market, we [Spayka] saw that there is huge potential,” said Baghdasaryan. “At present, contracts already have been signed for exporting more than 1,000 tons of blue cheese per year, from Armenia to Russia.”

      The respective cheese factory will operate in Kotayk Province of Armenia.

      The company plans to invest about $15 million per year for the production of cheese and other dairy products.

      In 2017, Spayka will implement several major projects, and as a result, 390 new jobs will be created and about $70 million will be invested in Armenia.

      In 2016, the company exported more than 100,000 tons of goods from the country. In the current year, it plans to increase exports by 20 percent, and by expanding its export markets and including the countries of the European Union and the Middle East.




      .
      Politics is not about the pursuit of morality nor what's right or wrong
      Its about self interest at personal and national level often at odds with the above.
      Great politicians pursue the National interest and small politicians personal interests

    2. #1322
      Registered User Azad's Avatar
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      Re: Armenia's Economic Pulse

      Quote Originally Posted by HyeSocialist View Post
      Spayka means United in Russian. Quite possibly an Armenian merchant in the food business that expanded into freight forwarding. Possibly wants to be anonymous. Who knows. But the company seems to be behaving like your textbook conglomerate. Kudos for him! Thanks for sharing. Hopefully he becomes a bigger freight forwarder in all of the CIS. It's a good business, and one that I am in.
      Agree with you! I hope it is Armenian owned company.

    3. #1323
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      Re: Armenia's Economic Pulse

      Quote Originally Posted by Azad View Post
      Agree with you! I hope it is Armenian owned company.
      Reporting live from Armenia: rumor has it its Kocharians sons and Serges sons business in exporting. Rumor has it they're going to start exporting to Italy. I say rumor because everything in this country seems to be a rumor.

    4. #1324
      Registered User Haykakan's Avatar
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      Re: Armenia's Economic Pulse

      I have eaten some great cheese in Armenia. The best ones were from the people who make them for themselves, like the sheppards in the mountains. The cheese I bought at the store that was locally made was also very good! I wish they would export to USA. Cheese prices here are crazy.
      Hayastan or Bust.

    5. #1325
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      Re: Armenia's Economic Pulse

      Quote Originally Posted by HyeSocialist View Post
      Reporting live from Armenia: rumor has it its Kocharians sons and Serges sons business in exporting. Rumor has it they're going to start exporting to Italy. I say rumor because everything in this country seems to be a rumor.
      There are many things that are exported from Armenia.

      The issue has to be, is the foreign exchange coming into Armenia or going into some offshore account.


      https://www.youtube.com/watch?v=y6jbz5j5zus
      .
      Last edited by londontsi; Today at 10:18 AM.
      Politics is not about the pursuit of morality nor what's right or wrong
      Its about self interest at personal and national level often at odds with the above.
      Great politicians pursue the National interest and small politicians personal interests

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