Thursday, March 16 2017 21:09
Alexandr Avanesov

Armenian farmers can purchase agriculture machinery on lease at low interest rates

Armenian farmers can purchase agriculture machinery on lease at low  interest rates

ArmInfo. Armenian farmers will  be able to purchase agriculture machinery on lease at low interest  rates. The relevant program was approved at today's sitting of the  Government.    

Armenian Minister of Agriculture Ignaty Arakelyan said that the  farmers will get an opportunity to purchase farm machinery at 2% p.a.  7% will be subsidized by the state. In 2017, nearly 2.2 bln AMD will  be spent on farm machinery. 150 mln AMD will be allocated from the  Government's emergency fund for the first subsidization operations. 

Armenian Prime Minister Karen Karapetyan said that in fact more than  2.2 bln AMD will be allocated for the project, because the key goal  of the Government will be to create conditions for development of  agricultural production. The Prime Minister noted that a company will  be set up to deal with that issue.  "One should clearly understand  that no real positive results in the agrarian sector are possible  unless the agricultural production is mechanized with advanced  technologies," he said. 

According to ArmInfo's Financial Rating of Banks and Credit Companies  of Armenia, in 2016 the leasing operations grew by 11% to 16.7 bln  AMD. The key provider of leasing services is ACBA Leasing. The share  of agrarian sector in the company's portfolio is 3%.

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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000