Friday, June 30 2017 12:28
Naira Badalian

Russian company of "General International Trade" in Armenia is ready to finance works on processing territories

Russian company of  "General International Trade" in Armenia is ready  to finance works on processing territories

ArmInfo. The Russian company  of   (GIT) in Armenia is ready to finance  works on processing of territories in the area of 3 thousand hectares  (with zero interest rate) in order to assist the farms during the  spring field works. The corresponding venture investment program was  proposed by the company's CEO Vladimir Pogosyan in the Aragatsotn  region of Armenia. This was reported to ArmInfo in the press service  of the Ministry of Agriculture of Armenia.

According to the information, the head of the Ministry of Agriculture  Ignaty Arakelyan, on the eve of the working meeting in Aragatsotn,  presented the governor of the region Gabriel Gezalyan with the events  envisaged by the government program for the next five years aimed at  developing the agricultural sector of the republic. Ignaty Arakelyan,  in particular, touched upon the events for 2018-2022. On the  introduction of a drip irrigation system, anti-hail networks, the  laying of intensive fruit gardens, a pilot program to mitigate the  conditions of agricultural credit and the prospects of agricultural  insurance in Armenia. The minister said that since 2018, with the  co-financing of the government of Armenia and the Federal Republic of  Germany, it is planned to introduce agricultural insurance, without  which, according to him, the sphere can not develop

Introducing the program of the Russian company (GIT), it was noted at the meeting that this initiative will  allow eliminating the dependence of villagers on banks.  The head of  the Ministry of Agriculture also visited the intensive gardens of the  Ashtarak region. The total area of the gardens is 35 hectares, of  which 10 hectares are the gardens of apple and sweet cherry. In these  gardens, drip irrigation systems and anti-hail grids are introduced.  According to the director of the enterprise Atom Fahradyan, the drip  irrigation system was costly only in the initial period, and its  further operation became profitable.

According to the minister, as part of the government's program to  create intensive orchards, long-term loans will be provided in  Armenia on affordable terms. "The program will be launched in 2018,  but starting from this year it will be put into circulation so that  private companies that offer seedlings, drip systems or anti- hail  grids, can take orders, and farmers - be ready for spring sowing,"  stressed Ignaty Arakelyan.

As the government program for 2017-2022 reads, the goal of the  Armenian government is to ensure an annual increase in gross output  in the agricultural sector by at least 5%. According to the program,  for the development of agriculture, government actions will be aimed  at the development of crop production by increasing the capacity of  breeding stations for the production and growing of seeds. To ensure  a sustainable harvest, the government plans to implement plant  protection measures, including pest control measures. In 2018-2022 it  is expected to implement a program to ensure the availability of a  wide range of fertilizers for the villagers. Until the end of 2017  will be developed and during 2018-2022 implemented a program of state  action to create intensive orchards, bringing their area to 100  hectares. For the introduction of modern technologies into the sphere  of agriculture during 2018-2022. The government proposes to implement  a program on subsidizing loans for the introduction of drip  irrigation systems for 10 thousand hectares of land. In addition, the  state program is implemented in the direction of introducing  anti-hail networks on conditions accessible to farmers. During the  period of 2018-2020. On the basis of the state action, it is also  planned to introduce a pilot program on agricultural insurance. To  increase the level of forest management in the country until the end  of 2017, it is planned to develop a program to ensure the  preservation of forests, measures to increase control over the area. 


News
Belarus is interested in strengthening cooperation with Armenia in  field of high technologiesBelarus is interested in strengthening cooperation with Armenia in  field of high technologies
GITC, IBM to implement artificial intelligence education programme GITC, IBM to implement artificial intelligence education programme 
Japanese government to provide grants for implementation of 2  programs in Armavir and Lori regions  Japanese government to provide grants for implementation of 2  programs in Armavir and Lori regions  
Armenia`s developers to submit documents online soonArmenia`s developers to submit documents online soon
Armenia`s vice-premier calls for larger share of national currencies  in EAEU tradeArmenia`s vice-premier calls for larger share of national currencies  in EAEU trade
EDB to intensify work in ArmeniaEDB to intensify work in Armenia
Ardshinbank named the Best Bank of the Year by The Banker international magazineArdshinbank named the Best Bank of the Year by The Banker international magazine
EDB analysts have no assessment of economic benefits that Armenia  will receive from unblocking of regional transport corridorsEDB analysts have no assessment of economic benefits that Armenia  will receive from unblocking of regional transport corridors
Greenhouse for growing roses to be built in Aragatsotn region of  ArmeniaGreenhouse for growing roses to be built in Aragatsotn region of  Armenia
Gnel Sanosyan: Unfortunately, there have been cases of revealing  design and construction flaws during implementation of subvention  programsGnel Sanosyan: Unfortunately, there have been cases of revealing  design and construction flaws during implementation of subvention  programs
Armenian entrepreneurs appealed to PM to extend embargo on import of  Turkish goods Armenian entrepreneurs appealed to PM to extend embargo on import of  Turkish goods 
EDB Analyst: Armenia`s public debt level will remain above  pre-pandemic level until 2026EDB Analyst: Armenia`s public debt level will remain above  pre-pandemic level until 2026
EDB ready to provide loan for construction of Meridian highway of  Europe-Western China transport corridorEDB ready to provide loan for construction of Meridian highway of  Europe-Western China transport corridor
IFC ready to participate in reforms in Armenia IFC ready to participate in reforms in Armenia 
42% year-on-year growth in net private money transfers to Armenia in  Jan-Oct 202142% year-on-year growth in net private money transfers to Armenia in  Jan-Oct 2021
Armenia Securities Exchange  introduced corporate bond exchange  indices for the first time in regionArmenia Securities Exchange  introduced corporate bond exchange  indices for the first time in region
6.3% rise in real estate prices in Armenia`s capital this Oct6.3% rise in real estate prices in Armenia`s capital this Oct
Central Bank of Armenia joins Sustainable Banking and Financial  NetworkCentral Bank of Armenia joins Sustainable Banking and Financial  Network
EDB formulates idea of  Eurasian transport frameworkEDB formulates idea of  Eurasian transport framework
Tigran Balayan presented Armenia`s investment opportunities to  representatives of Dutch business sectorTigran Balayan presented Armenia`s investment opportunities to  representatives of Dutch business sector
Global businesses set to battle for talent as hiring plans fuel growth ambitionsGlobal businesses set to battle for talent as hiring plans fuel growth ambitions
Armenia`s gross international reserves increased by 38.2% per annum  by November 2021Armenia`s gross international reserves increased by 38.2% per annum  by November 2021
Vahan Kerobyan will take part in Second Eurasian Congress in MoscowVahan Kerobyan will take part in Second Eurasian Congress in Moscow
Statistics: Armenia`s GDP increased by 11.1% per annum in 9 months of  2021Statistics: Armenia`s GDP increased by 11.1% per annum in 9 months of  2021
New power plant of 254 MWe launched in YerevanNew power plant of 254 MWe launched in Yerevan
As of November 20, 2021, tax collection in Armenia exceeded  pre-crisis index of 2019 by 4.5%As of November 20, 2021, tax collection in Armenia exceeded  pre-crisis index of 2019 by 4.5%
Association of Restaurateurs reacted negatively to new decision of RA  Health Ministry Association of Restaurateurs reacted negatively to new decision of RA  Health Ministry 
ANIF, Masdar company discuss Ayg-1 project ANIF, Masdar company discuss Ayg-1 project 
Unpredictable pandemic situation, steadily high inflation remain major risks to scenario of Armenia`s  economic development - EDBUnpredictable pandemic situation, steadily high inflation remain major risks to scenario of Armenia`s  economic development - EDB
US$30m OPEC Fund loan to Ameriabank to promote sustainable energy and support small businesses in ArmeniaUS$30m OPEC Fund loan to Ameriabank to promote sustainable energy and support small businesses in Armenia
One Success Story: Trimming the SpiritsOne Success Story: Trimming the Spirits
EDB projects 2.9% growth in aggregate GDP of Bank`s member states in  2022EDB projects 2.9% growth in aggregate GDP of Bank`s member states in  2022
Representatives of Trade Mission of RF and EFSD discuss financing of  investment projects in Armenia and support for Russian exportersRepresentatives of Trade Mission of RF and EFSD discuss financing of  investment projects in Armenia and support for Russian exporters
4.3% year-on-year increase in economic activity in Armenia in  Jan-Oct, 20214.3% year-on-year increase in economic activity in Armenia in  Jan-Oct, 2021
New operator of Meghri FEZ plans to build a food packaging plantNew operator of Meghri FEZ plans to build a food packaging plant
Government subsidies to Syunik region reached 1.1 billion drams Government subsidies to Syunik region reached 1.1 billion drams 
Armenian authorities consider building three more bypass roads in  Syunik regionArmenian authorities consider building three more bypass roads in  Syunik region
Armenian government approves signing of Agreement on navigation seals  in EAEUArmenian government approves signing of Agreement on navigation seals  in EAEU
Contract for Kaps reservoir construction put out to tenderContract for Kaps reservoir construction put out to tender
VPOS number steadily increasing in Armenia  VPOS number steadily increasing in Armenia  
Non-cash plastic transactions continue to gain momentum; 30%  threshold in total volume has already been passedNon-cash plastic transactions continue to gain momentum; 30%  threshold in total volume has already been passed
Armenia to acquire a loan of 20 million euros for modernization of  urban land transportArmenia to acquire a loan of 20 million euros for modernization of  urban land transport
Russian company won tender on Ajapnyak subway station development  project: Yerevan Mayor hopes earliest possible financing of projectRussian company won tender on Ajapnyak subway station development  project: Yerevan Mayor hopes earliest possible financing of project
Black Friday CashBack from Converse BankBlack Friday CashBack from Converse Bank
Armenian-Belarusian Economic Cooperation Commission to meet in Minsk  Armenian-Belarusian Economic Cooperation Commission to meet in Minsk  
2.621mln plastic cards in Armenia`s banking market 2.621mln plastic cards in Armenia`s banking market 
Armenia, Belarus study prospects for cooperation in organic  agricultureArmenia, Belarus study prospects for cooperation in organic  agriculture
Mher Grigoryan, Sergei Glazyev discuss main areas of cooperation  within EAEUMher Grigoryan, Sergei Glazyev discuss main areas of cooperation  within EAEU
Macroeconomic Research Centre at Financial Research Institute of RF  ready to assist RA Economy Ministry Macroeconomic Research Centre at Financial Research Institute of RF  ready to assist RA Economy Ministry 
Delegation of RA Economy to get acquainted with peculiarities of  operations with precious metals and stones in Bishkek within EAEUDelegation of RA Economy to get acquainted with peculiarities of  operations with precious metals and stones in Bishkek within EAEU
Armenia can be a major exporter of intellectual property and software  - Chi-Foon ChanArmenia can be a major exporter of intellectual property and software  - Chi-Foon Chan
Bank loans in all member-states to be available to all EAEU citizens Bank loans in all member-states to be available to all EAEU citizens 
Armenia most important EAEU member - Ilya Malkina Armenia most important EAEU member - Ilya Malkina 
How to escape the “black” side of Black Friday?  Some tips from Converse BankHow to escape the “black” side of Black Friday?  Some tips from Converse Bank
Allow yourself more: Rocket line - the leading Armenian Allow yourself more: Rocket line - the leading Armenian "Buy now, pay later" payment format from Idram&IDBank digital platform
On November 24-27, Yerevan will host 1st International Trade and  Industrial Exhibition On November 24-27, Yerevan will host 1st International Trade and  Industrial Exhibition "Eurasia 2021" and Eurasian Business Forum 
ICAO and IATA provide identification codes to FLYONE ARMENIA ICAO and IATA provide identification codes to FLYONE ARMENIA 
Pashinyan: Armenia registered stable growth rates of trade with the  EEU countriesPashinyan: Armenia registered stable growth rates of trade with the  EEU countries
New foil annealing mode reduces scrapNew foil annealing mode reduces scrap
Ameriabank to start distribution of $8mln USD tranche bonds on Nov.  25 Ameriabank to start distribution of $8mln USD tranche bonds on Nov.  25 
Read more


Exchange rates
03.12.2021
RUB6.650.04
USD489.991.49
EUR553.440.31
GBP650.950.12
CAD382.00-0.15
JPY43.240.07
CNY76.880.22
CHF532.141.45