European Union experts to advise on introduction of insurance in Armenian agriculture: Minister

YEREVAN, August 24. /ARKA/. European Union experts will arrive in Armenia in October to advise on introduction of insurance in agriculture, agriculture minister Sergo Karapetian told a news conference today.

“I do not think that insurance in agriculture will be introduced in Armenia any time soon, but this does not mean we are not working in this direction,” he said.

According to him, five-day consultations will involve regional authorities, MPs and experts.

“The EU experts will provide complete information about introduction of insurance, formation of co-operatives, irrigation system, rational use of land and so on,” said Karapetian.

“This is a serious issue because the insurance system in agriculture has its own features and complexity, and even some developed countries have not introduced it,” he said. -0-

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (March 2–8)

The past week in the Armenian financial market was marked by the publication of macroeconomic data, capital market activity, and the continued regulatory adjustment of the payment infrastructure.

Armenia to Receive €120 Million Loan and €15 Million Grant from KfW Bank for Power Grid Connection with Georgia

At a meeting on Thursday, the Armenian government approved the signing of a €120 million loan agreement with the German bank KfW for the "Caucasus Transmission Network - NIF" project to connect the power systems of Armenia and Georgia. Additionally, a €15 million grant agreement with KfW was approved for the "EU Caucasus Transmission Network - NIF. Phase II" project.

Guesthouse “Bees and Beekeeping” in Lori Province

In the village of Vardablur in the Lori region, at the "Beeography" guesthouse, guests are welcomed with a honey drink, considered the guesthouse's signature dish.

Maximum insurance compensation limits in Armenia’s compulsory motor third-party liability insurance (CMTPLI) system will increase starting April 1

Amendments to the rules of the compulsory motor third-party liability insurance (CMTPLI) system will come into effect in Armenia on April 1, 2026, providing for an increase in maximum insurance payout limits, according to the Bureau of Motor Insurers of Armenia.

Central Bank: Starting July 1, consumers in Armenia will be able to block online financial transactions with a single tap

Starting July 1, 2026, consumers in Armenia will be able to block online financial transactions with a single tap, via mobile banking or a financial institution's website, the Central Bank of Armenia press service reported.

LATEST NEWS

spot_imgspot_imgspot_img