«Ibari» LLC is exempt from payment of customs duties within the framework of the investment program implemented in the priority sector. As part of the investment program, it is planned to increase the production volumes, the release of more than 250 thousand containers of jams and confitures per year, up to 90% of which is planned to be exported to the EAEU, EU, and U.S. countries. Within the framework of the program 500 million drams will be invested to purchase raw materials and lease the plant. It is also planned to create 27 new jobs with an average salary of up to 171,000 drams.

The total value of the goods presented for the benefit is 458 million AMD. The exemption from customs duties is estimated at 53.4 million drams. Production will be carried out in Yerevan and Ashtarak. 

The company has been operating since 2017. In four years the company has created 7 Armenian premium brands such as Wild Hive (certified 100% organic honey), Beak Pick, Coloreat, Mrgastan, Boon Bariq (for jams and confitures), Riceman (for basmati rice), and Rubin (brand of pomegranate wine). Designs from all 7 brands have won platinum, gold, and silver awards at the famous Pentawards in London. The company’s products are already exported to more than a dozen countries, including the USA, England, Russia, Belarus, Georgia, etc.