ArmInfo. The Ministry of Economy of Armenia proposes to raise the upper threshold of the loan provided to processing enterprises so that they can fulfill their financial obligations to winegrowers of the Areni community of Vayots Dzor region.
So, according to the press service of the Ministry of Economy, the head of the department Tigran Khachatryan and the Minister of Territorial Administration and Infrastructures Suren Papikyan met with the winegrowers of the larger Areni community.
As a result of the discussions, an agreement was reached on the quickest possible payment for the delivered harvest of ''Khardzhi'' grapes. To this end, the Ministry of Economy took the initiative to amend the decision of the Government of the Republic of Armenia dated February 28, 2019, within the framework of which it is proposed to increase the upper threshold of the loan provided to the procurers for the implementation of financial obligations to winegrowers.
"It is planned that the draft decision will be discussed and adopted at the upcoming meeting of the government," the press service of the department said.
Earlier, on October 10, at the Cabinet meeting, Prime Minister of Armenia Nikol Pashinyan announced that there would be no problems with the purchase of grapes in Armenia this year, prices and volume of purchases were rising, "and there is no noise in this regard." On October 12, residents of the village of Aghavnadzor in the Vayots Dzor region of Armenia blocked the Yerevan-Meghri highway in protest against the reduction in purchase prices for grapes. As the peasants stated last year, Khardzhi grapes were purchased by the processing enterprises at 470 drams per kilogram (almost $ 1), now the procurers, who guaranteed its purchase last year at the same price, do not give more than 225 drams. As they stated, the procurers themselves do not make contact with farmers. And again, the last hope is the power, which, according to the villagers, is obliged to take up the resolution of the issue, finally embarking on its regulatory functions.
To recall, in 2017, the Ministry of Agriculture of Armenia, in order to solve the problems with large debts of processing enterprises to farmers, and to provide working capital for procurers, in a pilot mode proposed a new affordable lending program for processing enterprises. According to the authors of the initiative, this will allow introducing a new culture of contractual relations between the farmer and the procurers, as well as making payments for deliveries immediately. Given the size of state subsidies at 9%, the annual interest rate for borrowers actually decreased to 3%. In 2018, the loan portfolio of the program was expanded from 2.4 billion drams to 18 billion drams, and the maximum loan size per borrower was increased from 150 million drams to 1 billion drams.