Bank Of Baku

Azerbaijan will launch a new winery

Azerbaijan will launch a new winery
# 25 May 2009 15:08 (UTC +04:00)
Baku. Rashad Suleymanov - APA-Economics. Azerbaijan’s AgroAzeriInvest plans to double wine production in the coming years, said Farid Gahramanov, Manager of the Company.

“To this end we plan to build a second winery and expand vineyards. We have great potential for wine exports to CIS countries, particularly Russia and Ukraine. Today, we sell about 70% of products to Russia. We are having negotiations with other countries too,” he added.

In his words, the company owns 1000 hectares of vineyards and produces 300 000 standard bottles of wine and brandy a year.

AgroAzeriInvest is part of Gilan Holding Group.
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