The following is a Yerevan Brandy Company press release.

Following the request of the grape growers and in continuation to the commitment to revise the time of the announcement of the purchase price, Yerevan Brandy Company announces that this year it will purchase grape paying 150 AMD for 1 kg, which is higher by 10 AMD than the price of the last year.

Currently the company is working on signing the contracts, where the price will also be reflected.  It is worth mentioning that Yerevan Brandy Company announces the price for its enterprise only and is not responsible for other manipulative statements.

This year the company will purchase 29,000 tons of grape. The start of the grape purchasing process will be announced additionally. Staying true to its policy, Yerevan Brandy Company will organize the purchasing process in an absolutely transparent and most comfortable way for the grape growers.

The payments to the grape growers will be made within 3-4 days from the moment of grape delivery by transferring the amount to the bank accounts of farmers opened by the company.