Armenian farmers have harvested 205,000 tons of grapes to date  -  minister 

ArmInfo.  Armenian farmers have harvested 205,000 tons of grapes to date, Armenian Minister of Economy Gevorg Papoyan wrote on his Facebook account. 

He noted that this volume exceeds the harvest volume for the entire  previous year by 41,000 tons, or 25%.  Previously, the minister  predicted that 2025 would close with a harvest volume of  196,000-197,000 tons.  Armenia harvested 164,000 tons of grapes in  all of 2024.

According to the RA Customs Service, Armenia exported 12,700 tons of  fresh and dried grapes in 2024, a 20.5% decrease from the previous  year. The customs value decreased by 14.3% to $10.9 million. Armenia  exports over 83.5% of its grapes to the Russian market.

As a reminder, in early October of this year, the Armenian government  approved the procedure for providing budget guarantees for loans  allocated to economic entities for grape procurement.

Specifically, the draft stipulates that budget guarantees will be  provided to economic entities engaged in grape procurement under the  program for loans issued from September 1 to December 30, 2025. The  amount of the provided budget guarantee shall not exceed 50% of the  loan amount, but no more than the value of exported products in 2024.  The minimum amount of the provided budget guarantee is 100 million  drams. Budget guarantees may be provided without additional  collateral. The beneficiary's repayment of the principal debt on the  loan must be used primarily to repay the obligations secured by the  budget guarantees. Budget guarantees are provided with a maximum  repayment period of up to twenty-seven months.