Russian holding's investments in Azerbaijan exceed 7 million euros

The investments of Russia's Abrau-Durso Group of Companies in Shaki Sharab LLC exceeded 7 million euros, said the director of Az Abrau, the company's subsidiary in Azerbaijan, Ernest Mingazov, Report informs.

According to him, within the framework of the investment program, new equipment and plots of land for vineyards were purchased for the winery.

"At the end of this year, the enterprise will produce 2.5 million bottles of wine, and next year it is planned to increase this figure to 3.5 million bottles. 2 million bottles of wine produced this year were exported, which is 80% of the total production. The main export market is Russia. In addition, our company supplies wine to Belarus and Kazakhstan. The company also bought plots of land for vineyards in the Karabakh economic region of Azerbaijan, including Fuzuli, where Madrasa and Rkatsiteli grape varieties are grown. Thanks to this, we were the first to obtain the right to produce port wine for Aghdam, Azerbaijan," he said.

He added that the company plans to expand its product range.