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%.