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A cheesy affair: Armenian dairy to pay back debts, salaries in blue cheese

Owing to faulty data, the company had produced way too much cheese and now has been left with no money and fridge full of the dairy product!

By: Trends Desk | Kolkata |
December 14, 2016 6:52:03 pm
Cheese, blue mold cheese, Ashtarak Kat Company, molder blue cheese, company to pay in cheese, armenian company to pay debt in cheese, blue mold cheese armenian diary, world news, bizarre news, world news, food news, latest news Price for the exquisite Roquefort cheese has been set at 2,000 drams a kilo and the company has in possession an opulent stock of 60 tonnes! (Source: Thinkstock images)

An Armenian dairy company – faced with bankruptcy – could not afford to pay its employees salary and milk suppliers for months, but has finally arrived at a solution to pay back its debts as well as the salaries. The Ashtarak Kat Company announced that it will be settling all its debts in form of some French cheese.

Last year, it started producing Roquefort blue mould cheese as a trial under the name of ‘Molder Blue’ and a market survey showed there was a huge demand for the cheese variety — within the country as well as abroad. Trusting the data of the survey, the company began the production of this exotic variety in large quantities earlier this year at its Chambarak plant, reported Oddity Central.

“Production was ramped up to full throttle in spring of this year, but Ashtarak struggled to find buyers for the cheese, and within just a few months it became unable to pay employees and local milk suppliers. Company debts reached 70 million Armenian drams, and it filed for bankruptcy,” the report stated.

Price for the exquisite Roquefort cheese has been set at 2,000 drams a kilo and the company has in possession an opulent stock of 60 tonnes! With no money in hand and a long line of employees and suppliers, the company decided to use its produce to settle the debts and also vacate its fridge! With some of much in the repository, the broke dairy has more than enough to pay off everybody. Certainly, not everyone is happy with the cheesy affair.

It has been now proved that the market survey data were faulty and in reality, the blue mould cheese use in Armenia is incredibly low, “so the probabilities of them getting in a position to market it even at dumping price ranges are also incredibly minimal,” the report noted. Most importantly, people really do not have the means to preserve the large quantities of cheese that they are entitled to, and it might get spoilt before it can find a tasteful buyer. “For deficiency of a superior choice, the individuals of Chambarak have agreed to be compensated in cheese, with the issue that Ashtarak retain it in its industrial fridges until eventually, they uncover customers.”

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