It has now become clear to all of us that investing in the production of quality wine products of high added value is a one-way street, said the Minister of Agriculture, Rural Development and Environment on Wednesday, in his address at the inauguration of the new winery of LOEL in Limassol.
According to a statement from the Ministry of Agriculture, Costas Kadis said in his address that infrastructure such as the one being inaugurated contributes to the "shift to quality, the policy that is now the cornerstone of our Ministry's plans."
"All of us have now become aware that investing in the production of quality wine products of high added value, products that are carefully selected from the level of the vineyard to the level of winemaking and marketing is a one-way street," he added.
For this reason, he continued, through the National Support Programme for the Vine and Wine Sector, 4.6 million euros per year are provided, through the Ministry, to finance vineyard restructuring measures, promotion of wines abroad, harvest safety, innovation and investment financing in the wine sector, through which the new winery of LOEL was supported.
Mr. Kadis indicated that the last almost three years have been very difficult for the viticulture and wineries due to the impact of the coronavirus pandemic, however, he stressed that "with targeted interventions and significant financial assistance, on the part of the state, we have succeeded in absorbing the entire local production of wine grapes, while at the same time the wine industry has managed to endure and emerge from this ordeal with as few losses as possible".
This, he continued, would not have been possible without a sincere relationship between the Ministry of Agriculture, the winegrowers and the winemakers, and he congratulated the LOL "because in these difficult circumstances, they have been consistently willing to assist our efforts by absorbing large quantities of grapes."
Congratulating the company on the completion of its new winery, the Agriculture Minister wished "good business and many great successes through the full utilisation of this modern infrastructure and true cooperation with the Cypriot winegrower."
Source: KYPE
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