168 Hours: Ostrich business of ex-minister prospering
The ostrich business of former Minister of Energy and Natural Resources Armen Movsisyan is developing successfully. His ostrich farm is located in the village of Agarak in Syunik province of Armenia, 168 Hours writes.
“There are about 400-500 ostriches in the farm. The company is called AKVILON-M. It was founded in June 2010. The company’s director is Vardan Martirosyan, the cousin of Agarak Mayor. AKVILON-M is registered as a meat producing company, although it is known that the feathers, fur, skin, eggs and membranes of these exotic animals are also highly valued in the world,” the newspaper writes.
Ostrich breeding is considered one of the most profitable businesses in the world, the newspaper adds.