In conditions of global financial and economic crisis, wine production will reduce by 40 per cent on average Avag Harutyunyan, chairman of the union of winemakers told a press conference in Yerevan today.
“In the beginning, the decline reached 55-60%, it will amount to 30-40% by the end of the year, ” he said.
According to the chief winemaker, 70% of wine consumption comes from Russia, the remaining 30% – from Europe.
Avag Harutyunyan informed that at the moment Armenia currently produce 0.5-1 million bottles, having annually 7.8 million bottles potential.
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According to ethnographer Suren Pogosyan, the cultivation of higher quality, truly Armenian grape require big resources, particularly the cultivation of Voskevaz, the cost of which is much higher than other varieties, ” he said.
