Friday, December 15 2017 15:50
Karine Melikyan

"Organic Agricultural Development" 2017-2018 program winners are revealed

"Organic Agricultural Development" 2017-2018 program winners are revealed

ArmInfo. The results of the "Organic Agricultural Development" 2017-2018 program jointly implemented by ACBA-CREDIT AGRICOLE BANK and Nature and Biodiversity Conservation Union in Germany (NABU) have been summarized.

For determining the results of the contest the priority has been given to those entrepreneurs, who in case of certification will have wide opportunity to export their products and will initiate new jobs creation, also has been considered the fact of operating in border communities.

So, 15 companies out of 70 who had applied to the program have become winners.

 

The annual program of “Organic Agricultural Development” is implemented since 2015. Within the framework of the program, 30 entrepreneurs have received organic certification. With the support of German specialists, the project beneficiaries have been trained each year. More than 50 new jobs have already been created, provided with the opportunity of award winning and operating in BIO production. In 2017-2018 it is planned to create 70 new jobs.

Organic Agriculture Development project is implemented for the clients of ACBA-CREDIT AGRICOLE Bank.

The winners are:

  1. Darman Tea
  2. Orwaco
  3. Nairian
  4. Lukashin Agricultural Association  
  5. Agrolog Industrial Cooperative  

1 Armen Hovhannisyan 2 Ishkhan Aslanyan 3 Aleksan Hovhannisyan

  1. New Edesia farmers’ group
  2. Armberry
  3. Go Green Armenia
  4.  “Ar shaman” Ltd
  5. Farmer Ashot Qalashyan, Syunik
  6. Farmer Geghayr Zurnachyan, Tavush

Farmer Khachatur Gevorgyan, Syunik

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10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

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200 million

Yield at cut-off price

 5.8314%

Maximum yield

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Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

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