Wednesday, October 11 2017 16:46

Ignaty Araqelyan: In 2-3 years a developed system of agriculture will be created in Armenia

Ignaty Araqelyan: In 2-3 years a developed system of agriculture will be created in Armenia

ArmInfo. In 2017, the Ministry of Agriculture of Armenia ensured the implementation of not only budget programs, but also initiated the launch of three new programs. This was stated by the head of the department Ignaty Arakelyan on October 11 at a meeting with journalists.  According to him, when implementing these programs, in 2-3 years it will be possible to achieve significant progress in the agrosphere.

As noted by Arakelyan, to solve the problems associated with the low level of technical equipment in the framework of the program of providing agricultural machinery in financial leasing, the country's farmers have already received 132 units of agricultural machinery, an agricultural equipment station was set up, which involves the provision of services to small farms. The creation of another station will be possible after a few months. According to the program approved by the Cabinet, farmers get the opportunity to purchase agricultural equipment on the following conditions: advance payment - 20%, interest rate - 2% per annum, maturity - 3-10 years, depending on the type of equipment. Another 7% will be subsidized by the state. As a result, it is expected that in 2017 about 2.2 billion AMD will be allocated for the purchase of agricultural machinery.

With the World Bank, the "CARMAC" program is being implemented to modernize the water supply system, to create and support cattle-breeding cooperatives. Within the program till the end of the year, 120 units of agricultural machinery will be provided for the amount of 550 million drams on the following terms: 80% of the cost is allocated by the state, and 20% is contributed by the cooperative. According to the minister, in order to ensure available financial resources in 2017, the Ministry gave start to 3 programs, another 3 will be launched in 2018. 2.3 billion AMD will be allocated for the implementation of the program of preferential crediting of processing enterprises, loans will be issued for a period of 1 year, at 3% per annum (9-11% will be subsidized by the state). Of the nearly 100 processing enterprises, about 20 of them can benefit from the program.

From 2018, the introduction of an affordable credit program for the development of drip irrigation is expected. Within the framework of this program, land loans will be granted to agricultural users at 2% per annum for a period of 3 years (up to 12% is subsidized by the state). It is expected that the system will increase the efficiency of the country's water resources use, and will also allow to reduce water consumption by up to 40%, while at the same time increasing yields, fruit quality and sowing areas.

Available loans for establishing anti-hail networks at a rate of 2% per annum will start issuing from 2018.  The Armenian government subsidizes credits for anti-hail networks for 1,350 hectares. Credits to farms will be issued for a period of 7 years at 2% per annum (7% are subsidized by the state). In 2018, loans will be issued for 7 billion AMD, and the state will send about 700 million AMD to subsidize interest rates.

Next year, a program will be launched to provide affordable loans to create intensive gardens based on the latest technology at a rate of 5% per annum. Loans to farmers, as indicated by the minister, will be issued for a period of 5 years at 5% per annum (the state subsidizes up to 9%) to create intensive gardens with an area of no more than 10 hectares.

Earlier, ArmInfo informed that the purpose of the Armenian government for 2017-2022- to ensure an annual increase in gross output in the agricultural sector by at least 5%. According to the program of measures for the next five years, 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 fruit gardens, bringing their area to 100 hectares.

POST A COMMENT
Input digits     


News
FlyOne Armenia launches Yerevan - Larnaca - Yerevan direct flights FlyOne Armenia launches Yerevan - Larnaca - Yerevan direct flights 
Armenian winemakers participating in ProWein international trade fair  in DusseldorfArmenian winemakers participating in ProWein international trade fair  in Dusseldorf
Armenia`s vice-premier receives IMF repsArmenia`s vice-premier receives IMF reps
Armenia`s premier hosts IMF delegationArmenia`s premier hosts IMF delegation
Armenia`s Ministry of Economy draft law to introduce English law  jurisdiction - minister Armenia`s Ministry of Economy draft law to introduce English law  jurisdiction - minister 
U.S., Canadian and European companies interested in projects in  Armenia`s Syunik - Paruyr HovhannisyanU.S., Canadian and European companies interested in projects in  Armenia`s Syunik - Paruyr Hovhannisyan
Enterprise Armenia supporting 40 projects worth $2.4-3.2bln - premier Enterprise Armenia supporting 40 projects worth $2.4-3.2bln - premier 
In 2022 vs. 2021, number of RA citizens on migration registration in  RF decreased by 15% - ACSESIn 2022 vs. 2021, number of RA citizens on migration registration in  RF decreased by 15% - ACSES
Deputy PM, AmCham representatives discuss Russian-Ukrainian conflict  impact on Armenian economyDeputy PM, AmCham representatives discuss Russian-Ukrainian conflict  impact on Armenian economy
Armenia, Georgia discuss possibilities of expanding cooperation in  tourism sectorArmenia, Georgia discuss possibilities of expanding cooperation in  tourism sector
Rostelecom changes its mind about selling its Armenian subsidiary GNC  AlfaRostelecom changes its mind about selling its Armenian subsidiary GNC  Alfa
Yerevan hosts 19th International Specialized Caucasus Exhibition:  Building and Reconstruction EXPO 2023 Yerevan hosts 19th International Specialized Caucasus Exhibition:  Building and Reconstruction EXPO 2023 
Armenia`s Deputy Minister of Economy hosts UNCCD delegation  Armenia`s Deputy Minister of Economy hosts UNCCD delegation  
Threshold for duty-free importation of goods into EAEU for  individuals at level of EUR 1000 may return to previous level Threshold for duty-free importation of goods into EAEU for  individuals at level of EUR 1000 may return to previous level 
Saudi Flynas airline to launch flight to Yerevan in summerSaudi Flynas airline to launch flight to Yerevan in summer
Vahan Kerobyan: Turkey actively buys gold from Armenia, while  selectively buying other productsVahan Kerobyan: Turkey actively buys gold from Armenia, while  selectively buying other products
CBA Head: Surveys show that international visitors have begun making  long-term plans for Armenia and its economyCBA Head: Surveys show that international visitors have begun making  long-term plans for Armenia and its economy
Central Bank Head: FAO index has stabilized and there are no new  upward trendsCentral Bank Head: FAO index has stabilized and there are no new  upward trends
Martin Galstyan: Armenia Securities Exchange is currently in process  of forming new board and strategyMartin Galstyan: Armenia Securities Exchange is currently in process  of forming new board and strategy
CBA improves its 2023 GDP growth forecast for Armenia to 5.8%,  indicating construction and services as main driversCBA improves its 2023 GDP growth forecast for Armenia to 5.8%,  indicating construction and services as main drivers
Western sanctions against Russia pose a threat to Armenia - PMWestern sanctions against Russia pose a threat to Armenia - PM
New Armenia-ADB cooperation strategy under developmentNew Armenia-ADB cooperation strategy under development
AraratBank joins the United Nations Women`s Empowerment Principles InitiativeAraratBank joins the United Nations Women`s Empowerment Principles Initiative
Armenia`s CB leaves refinancing rate unchanged, 10.75%Armenia`s CB leaves refinancing rate unchanged, 10.75%
With organizational support of Ameriabank and SPRING PR, first  With organizational support of Ameriabank and SPRING PR, first  "Doing Digital-Exploring Digital Future" forum to be held in Yerevan  on April 5
Armenia, Egypt discuss possible cooperation in renewable energy,  energy infrastructuresArmenia, Egypt discuss possible cooperation in renewable energy,  energy infrastructures
 State Control Service returned about 121 million drams to budget in  2022 State Control Service returned about 121 million drams to budget in  2022
Vahan Kerobyan: No outflow of immigrants is expected in near futureVahan Kerobyan: No outflow of immigrants is expected in near future
Vahan Kerobyan: During the year, 7,328 companies and individual  entrepreneurs were registered in Armenia by Russian citizensVahan Kerobyan: During the year, 7,328 companies and individual  entrepreneurs were registered in Armenia by Russian citizens
This year, demand is gradually stabilizing, and growth of Armenian  economy to be 4.2% - EDBThis year, demand is gradually stabilizing, and growth of Armenian  economy to be 4.2% - EDB
Global economic recession risks remain significant - EDBGlobal economic recession risks remain significant - EDB
"MTS Armenia" changes its owner
Armenia`s former premier records absolute decline in population`s  living standards for 2018-2022Armenia`s former premier records absolute decline in population`s  living standards for 2018-2022
Armenia on way to modernization of major branches of its economy -  vice-premierArmenia on way to modernization of major branches of its economy -  vice-premier
Karen Karamyan: 70% of Ameriabank`s business loans are provided  through Ameria Business online platformKaren Karamyan: 70% of Ameriabank`s business loans are provided  through Ameria Business online platform
Ameriabank`s cosmic pavilion at DigiTec: Digital services,  consultations, lotteries, charity, discussionsAmeriabank`s cosmic pavilion at DigiTec: Digital services,  consultations, lotteries, charity, discussions
Armenia plans to start negotiations with India to raise funds for  construction project of Persian Gulf-Black Sea corridorArmenia plans to start negotiations with India to raise funds for  construction project of Persian Gulf-Black Sea corridor
Hayk Yesayan: Team always has and will have innovative solutionsHayk Yesayan: Team always has and will have innovative solutions
IDBank - participant of DigiTec ExpoIDBank - participant of DigiTec Expo
Armenia`s GDP growth in 2018-2022 qualitatively significantly lower  than in previous 3 five-year plans - Hrant BagratyanArmenia`s GDP growth in 2018-2022 qualitatively significantly lower  than in previous 3 five-year plans - Hrant Bagratyan
Team Telecom Armenia is first among Armenia`s telecom operators to  provide access to 5G networkTeam Telecom Armenia is first among Armenia`s telecom operators to  provide access to 5G network
Vahan Kerobyan: Armenian companies do not fully exploit opportunities  in innovative termsVahan Kerobyan: Armenian companies do not fully exploit opportunities  in innovative terms
U.S. warning against countries` help to Russia: Armenia`s government  takes everything into account - MPU.S. warning against countries` help to Russia: Armenia`s government  takes everything into account - MP
3.5% decline in living standard of average statistical employee in  Armenia 3.5% decline in living standard of average statistical employee in  Armenia 
Turkey suddenly stops  transit of sanctioned goods to RussiaTurkey suddenly stops  transit of sanctioned goods to Russia
American SADA to contribute to digitalization of Armenian education  systemAmerican SADA to contribute to digitalization of Armenian education  system
Armenia`s rank fell by 19 points in WIPO Global Innovation Index.  Economist advises to update data on timeArmenia`s rank fell by 19 points in WIPO Global Innovation Index.  Economist advises to update data on time
Armenia`s travel agencies lost 25% of income in 2022 due to dram  revaluationArmenia`s travel agencies lost 25% of income in 2022 due to dram  revaluation
FLYONE ARMENIA replenishes its aircraft fleetFLYONE ARMENIA replenishes its aircraft fleet
Armenia increases its share in EDBArmenia increases its share in EDB
AraratBank committed to the Sustainable Development Goals of the United NationsAraratBank committed to the Sustainable Development Goals of the United Nations
Kristina Kvien: US ready to assist Armenia`s economic developmentKristina Kvien: US ready to assist Armenia`s economic development
Converse Bank has completed the distribution of bondsConverse Bank has completed the distribution of bonds
EDB forecasts 7.2% inflation in Armenia in 1st quarter, 2023 EDB forecasts 7.2% inflation in Armenia in 1st quarter, 2023 
Performance report 2022 of ANPP presented to PMPerformance report 2022 of ANPP presented to PM
Andrei Movchan: Armenia`s stock market is practically deprived of  opportunity to contribute to investment development of countryAndrei Movchan: Armenia`s stock market is practically deprived of  opportunity to contribute to investment development of country
Tigran Jrbashyan considers it expedient to revise target inflation  threshold closer to realityTigran Jrbashyan considers it expedient to revise target inflation  threshold closer to reality
Economist: If exchange rate does not contribute to expansion of  exportable sectors of economy, CB will have no choice but to start  relying on  GovernmentEconomist: If exchange rate does not contribute to expansion of  exportable sectors of economy, CB will have no choice but to start  relying on  Government
Armenia`s SRC head presents approximate scale of shadow economy  Armenia`s SRC head presents approximate scale of shadow economy  
Armenia`s authorities are overpraising GDP growth - ex-premierArmenia`s authorities are overpraising GDP growth - ex-premier
Read more


Exchange rates
20.03.2023
RUB5.04-0.03
USD388.480.20
EUR415.482.58
GBP474.803.62
CAD283.520.29
JPY29.590.42
CNY56.550.32
CHF418.71-0.15