YEREVAN. – On December 30, 2015, the Armenian National Statistical Service issued a report on Armenia’s socioeconomic condition, from January to November of the year that passed.
Judging from these data, domestic industry increased by 4.6 percent, on an annual basis. This growth can be regarded as a significant achievement considering the industrial downturn in other countries of the Eurasian Economic Union.
But the problem is that unfavorable conditions have risen in Armenia for the sale of food and beverage.
As a result of the decrease in remittances to the country in 2015, the incomes of a part of the population have reduced. This factor impacted the sale, and consequently, the production of food. The emigration from Armenia also played a respective part.
The external factor—that is, the slowdown in Armenian brandy sales in Russia—negatively affected beverage production in Armenia. As a result, Armenian brandy production fell by about 1.5 million liters, or 8.6 percent, on an annual basis.
To note, the production of other alcoholic beverages—i.e. wine and beer—that are primarily sold in the domestic market has also dropped.
