ArmInfo.On September 2, the Armenian government revised the conditions for granting state-subsidized loans for the purchase of grapes at a Cabinet meeting.
In particular, according to Minister of Economy of Armenia Vahan Kerobyan, presenting the draft decision, according to the changes, the total period of loans for the purchase of grapes has been extended from one year to three years, and the grace period - from three months to one year. "This, on the one hand, will allow enterprises to buy grapes more freely and in large volumes, on the other hand, to pay off farmers faster, and also, by increasing the volume of purchases to the maximum, in the future to be able to export," the minister explained, assuring that all grape harvest - about 180 thousand tons will be purchased.
As the head of the Ministry of Economy said, as of today, in terms of the production of fresh agricultural products, Armenia has already reached last year's figure and surpassed the figures of the year before last - about 145 thousand tons. In general, Kerobyan expressed satisfaction with the "agricultural year", expressing the hope that by the end of the year it will be possible to overcome the mark of 200 thousand tons.
Vahan Kerobyan also said that the government has approved a large investment program, which provides for investments in the amount of 3.5 billion drams. The investor plans to create 100 hectares of intensive gardens within the framework of the investment project.
To note, according to the justification for the document, loans will be issued in the amount of about 4 billion drams, of which up to 1.3 billion will be subsidized by the government.
