Friday, February 23 2018 13:01
Alina Hovhannisyan

TeeGschwendner first regional project: Export of herbal teas from Armenia to Germanyc

TeeGschwendner first regional project: Export of herbal teas from Armenia to Germanyc

ArmInfo. At the international exhibition of organic products "BIOFACH 2018" (Newrnberg) two Armenian companies "Sari Tei" and "Antharam" signed an agreement with the German company TeeGschwendner on the export of herbal teas from Armenia to Germany.  ArmInfo was informed about this by the press service of the Bank ACBA-Credit Agricole.

"The Armenian companies became known to us thanks to the organic agriculture program implemented by NABU and the Bank ACBA-Credit Agricole.I think that this project has created good opportunities and prospects for both Armenian organic tea producers and us." Today, two companies signed an export agreement but we will not limit ourselves to buying tea from our partners - we are looking forward to more extensive cooperation. First of all, we will acquaint our new partners with the standards and specifics of the European We will jointly identify and solve the problems of the production cycle, this is the first regional project of TeeGschwendner, and I can confidently say that we found in Armenia what we were looking for, "said the person in charge of the production line of the German company TeeGschwendner Lukasz Parobi.

TeeGschwendner has over 130 specialized stores in seven countries around the world.

The first free program of the Bank ACBA-Credit Agricole together with NABU was launched in 2015 with the goal of developing organic agriculture and promoting the producers of the sphere. Within the framework of cooperation, 30 business entities were certified, which today successfully implement their production abroad. Sari Tey and Antaram also received a free organic certificate from NABU and Bank ACBA-Credit Agricole under this program. German specialists annually conduct retraining courses for beneficiaries of the program. The program has already created more than 50 jobs, the number of which in 2017-2018 is planned to increase by another 70.

According to the Financial Rating of Armenian Banks, prepared by ArmInfo News Agency , the volume of agricultural credits as of January 1, 2018 reached 160.3 billion drams or $ 331.1 million with annual growth of 6.3%. The permanent leader in agricultural credit is ACBA-Credit Agricole Bank, covering 47.4% of the total (or over 76 billion drams). In the loan portfolio of the Bank, agricultural loans account for 33.3%.


News
Converse Bank. New campaign for womenConverse Bank. New campaign for women
Pashinyan to EBRD President: The re-commissioning of transport  communications could help implement new joint projectsPashinyan to EBRD President: The re-commissioning of transport  communications could help implement new joint projects
“Evocabank” CJSC’s bonds have been listed on Armenia Securities Exchange for the first time“Evocabank” CJSC’s bonds have been listed on Armenia Securities Exchange for the first time
 Optimism of the authorities contrary to official statistics: What  will the Armenian economy face? Optimism of the authorities contrary to official statistics: What  will the Armenian economy face?
The Central Bank of Armenia announces its intention to intervene in  the foreign exchange market for the second time in 2021The Central Bank of Armenia announces its intention to intervene in  the foreign exchange market for the second time in 2021
On April 12, Ameriabank will start placing the next tranches of USD  and AMD bonds in the amount of $ 20 million and 5 billion dramsOn April 12, Ameriabank will start placing the next tranches of USD  and AMD bonds in the amount of $ 20 million and 5 billion drams
Ardshinbank and Visa offer smart Visa payment rings for the first time in ArmeniaArdshinbank and Visa offer smart Visa payment rings for the first time in Armenia
Armenia`s unemployment rate drops to 16% in 2020Armenia`s unemployment rate drops to 16% in 2020
Armenia`s SRC: The number of registered micro-entrepreneurship  entities increased by 18% Armenia`s SRC: The number of registered micro-entrepreneurship  entities increased by 18% 
The inflow of foreign investment into the Armenian economy has  declined by 39 in 2020%The inflow of foreign investment into the Armenian economy has  declined by 39 in 2020%
Ex-Minister: Creating a centralized register of bank accounts is an  attempt to adapt the Rolls-Royce engine to your own dreamEx-Minister: Creating a centralized register of bank accounts is an  attempt to adapt the Rolls-Royce engine to your own dream
Armenia`s foreign trade turnover decreased in January-February 2021  by 12.2% per annumArmenia`s foreign trade turnover decreased in January-February 2021  by 12.2% per annum
The financial regulator sees the feasibility of introducing a  centralized register of bank accountsThe financial regulator sees the feasibility of introducing a  centralized register of bank accounts
Armenia`s foreign trade turnover with the EU countries has been  delayed in declineArmenia`s foreign trade turnover with the EU countries has been  delayed in decline
Armenia`s national debt is approaching $9 billionArmenia`s national debt is approaching $9 billion
Armenia`s consumer market recorded inflation of 3.8% in Q1 2021 with  5.2% y-o-y inflation Armenia`s consumer market recorded inflation of 3.8% in Q1 2021 with  5.2% y-o-y inflation 
Up to 150 million cubic meters of Russian gas to be supplied to  Armenia through AzerbaijanUp to 150 million cubic meters of Russian gas to be supplied to  Armenia through Azerbaijan
IDBank offers the most flexible and profitable conditions for mortgage borrowersIDBank offers the most flexible and profitable conditions for mortgage borrowers
Armenia reduced exports of copper ore, increasing exports of zinc and  molybdenum concentrates and ores containing precious metalsArmenia reduced exports of copper ore, increasing exports of zinc and  molybdenum concentrates and ores containing precious metals
Russia and Brazil became the main sugar import markets for Armenia in  2020Russia and Brazil became the main sugar import markets for Armenia in  2020
EU Ambassador and Armenian NPP leadership discussed opportunities for  expanding cooperationEU Ambassador and Armenian NPP leadership discussed opportunities for  expanding cooperation
Deputy Minister: Unblocking of economic ties and transport  communications in the South Caucasus is beneficial to all partiesDeputy Minister: Unblocking of economic ties and transport  communications in the South Caucasus is beneficial to all parties
Moscow plans to discuss the prospects of creating logistics centers  for groupage cargo from ArmeniaMoscow plans to discuss the prospects of creating logistics centers  for groupage cargo from Armenia
Ardshinbank upgrades its branches in Hrazdan and DilijanArdshinbank upgrades its branches in Hrazdan and Dilijan
Armenia`s gross international reserves exceeded $3 billion for the  first time with a 33% jump in FebruaryArmenia`s gross international reserves exceeded $3 billion for the  first time with a 33% jump in February
Armenia and Malta move to eliminate double taxationArmenia and Malta move to eliminate double taxation
Armenian tax officials report over-fulfillment of quarterly tax  collection plan: Finance Ministry promises to take new heightsArmenian tax officials report over-fulfillment of quarterly tax  collection plan: Finance Ministry promises to take new heights
New WB forecast: Armenia ranks second in terms of GDP growth in 2021  among the EAEU countries, and at the rate of 2022 it shares the lead  with KyrgyzstanNew WB forecast: Armenia ranks second in terms of GDP growth in 2021  among the EAEU countries, and at the rate of 2022 it shares the lead  with Kyrgyzstan
New forecast of the Central Bank of Armenia for 2021: GDP growth by  1.4%, export growth by 1-3%, import decline 2-4%, unemployment rate  18.6%New forecast of the Central Bank of Armenia for 2021: GDP growth by  1.4%, export growth by 1-3%, import decline 2-4%, unemployment rate  18.6%
Telecom Armenia summed up the results of the <Coding skills> project Telecom Armenia summed up the results of the project 
The Armenian Stock Exchange is once again recognized as the The Armenian Stock Exchange is once again recognized as the "Best  Stock Exchange in the South Caucasus"
World Bank improves Armenia`s GDP growth forecast for 2021 to 3.4%World Bank improves Armenia`s GDP growth forecast for 2021 to 3.4%
The Central Bank of Armenia predicts an increase in the net inflow of  private transfers in the range of 7-9 in 2021%The Central Bank of Armenia predicts an increase in the net inflow of  private transfers in the range of 7-9 in 2021%
Ardshinbank on April 6 will put up for sale a tranche of AMD and  dollar bonds in the amount of 3.3 billion drams and $10 millionArdshinbank on April 6 will put up for sale a tranche of AMD and  dollar bonds in the amount of 3.3 billion drams and $10 million
 Ameriabank Got Quality Excellence Award 2020 from Raiffeisen Bank  International Ameriabank Got Quality Excellence Award 2020 from Raiffeisen Bank  International
UBA, A. Ananyan: There are no prerequisites for the emergence of  UBA, A. Ananyan: There are no prerequisites for the emergence of  "mortgage bubbles" 
UBA, A. Ananyan: In 2021, the fight against the consequences of the  coronavirus-generated crisis will continueUBA, A. Ananyan: In 2021, the fight against the consequences of the  coronavirus-generated crisis will continue
UBA, A. Ananyan: The share of non-performing loans may grow to 10%  from the current 6.6% UBA, A. Ananyan: The share of non-performing loans may grow to 10%  from the current 6.6% 
Fitch confirmed Armenia rating at the level of Fitch confirmed Armenia rating at the level of "B +" with a stable  outlook, waiting in 2021 GDP growth by 3.2%
The later the economy will be restored, the higher the probability of  a foreign exchange rate and yield of bonds The later the economy will be restored, the higher the probability of  a foreign exchange rate and yield of bonds 
Minister: 580 subvention programs totaling AMD 26.2 billion were  implemented in Armenia in 2020Minister: 580 subvention programs totaling AMD 26.2 billion were  implemented in Armenia in 2020
Expert: Armenia`s economy will reach the level of over 5% in the  context of the next 5 years Expert: Armenia`s economy will reach the level of over 5% in the  context of the next 5 years 
EU to allocate 2 million EUR for the development of social  entrepreneurship in ArmeniaEU to allocate 2 million EUR for the development of social  entrepreneurship in Armenia
The Minister of Economy of Armenia expects the tourist growth in the  current yearThe Minister of Economy of Armenia expects the tourist growth in the  current year
Armenia and Iraq are considering cooperation in the field of  military-industrial complex and high technologyArmenia and Iraq are considering cooperation in the field of  military-industrial complex and high technology
FRV reaches financial close with IFC, EBRD, and Ameriabank for the  largest Utility Scale Solar Power Plant ``Masrik-1`` in ArmeniaFRV reaches financial close with IFC, EBRD, and Ameriabank for the  largest Utility Scale Solar Power Plant ``Masrik-1`` in Armenia
Armenia and the European Union held the third meeting of the  Partnership Committee in Trade Configuration Armenia and the European Union held the third meeting of the  Partnership Committee in Trade Configuration 
Economy Minister is sure that double-digit economic growth will be achieved in 2021Economy Minister is sure that double-digit economic growth will be achieved in 2021
The government simplifies the procedure for the participation of  companies in public procurementThe government simplifies the procedure for the participation of  companies in public procurement
In Armenia, economic activity in January-February 2021 decreased by  6.7% per annumIn Armenia, economic activity in January-February 2021 decreased by  6.7% per annum
In the next 5 years in Armenia there will be a need for at least 20  thousand specialists in the field of high technologiesIn the next 5 years in Armenia there will be a need for at least 20  thousand specialists in the field of high technologies
ARARATBANK honored with STP Quality Award 2020 by Raiffeisen Bank InternationalARARATBANK honored with STP Quality Award 2020 by Raiffeisen Bank International
Ameriabank Named Best Bank in Armenia 2021 by Global FinanceAmeriabank Named Best Bank in Armenia 2021 by Global Finance
VTB Bank (Armenia) expands car loan capabilities together with the  Kia Motors dealershipVTB Bank (Armenia) expands car loan capabilities together with the  Kia Motors dealership
IDream: new program for students by IDBankIDream: new program for students by IDBank
The 21st issue of bonds of The 21st issue of bonds of "National Mortgage Company" RCO CJSC to be listed on the Armenian Stock Exchange 
The first public hearings of the construction project of the  North-South highway southern section were heldThe first public hearings of the construction project of the  North-South highway southern section were held
Prime Minister discussed with the economic unit of the government the  concept of state investment programs evaluation Prime Minister discussed with the economic unit of the government the  concept of state investment programs evaluation 
Another major company on-line development will be launched  in  ArmeniaAnother major company on-line development will be launched  in  Armenia
Deputy Prime Minister of Armenia and Director of ADB Armenian Office  considered prospects for expanding cooperationDeputy Prime Minister of Armenia and Director of ADB Armenian Office  considered prospects for expanding cooperation
Read more


Exchange rates
09.04.2021
RUB6.90-0.07
USD532.78-4.58
EUR633.58-4.00
GBP729.96-8.32
CAD423.04-3.00
JPY48.58-0.46
CNY81.45-0.64
CHF575.17-3.45



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