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· Business (Tobacco)
non-USA, by Country
· Armenia
· Georgia
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Jump to full article: Armenialiberty.org (Radio Free Europe / Radio Liberty), 2005-07-29
Author: Ruzanna Khachatrian
Intro: Armenia's leading tobacco tycoon confirmed on Friday reports about his plans to expand his cigarette production and sales into neighboring Georgia.
Hrant Vartanian told RFE/RL that he will invest $4 million over the next two years in a cigarette factory which is currently built in Tbilisi by his Grand Tobacco firm and his Georgian business partners. Vartanian said Grand Tobacco will have a controlling 51 stake in the joint venture to be called Best. It will start production operations by the beginning of October, he added.
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