Wed, 27 August
34.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

New meat factory opens in Armenia

YEREVAN, September 18. / ARKA /. President Serzh Sargsyan was present Saturday at the opening of a meat factory in Yerevan built by NatFood Company with the support of the Black Sea Trade and Development Bank (BSTDB), the European Bank for Reconstruction and Development (EBRD) and VTB Bank Armenia.

“The meat factory furnished with modern equipment and advanced technology will produce a wide range of quality meat products for local consumption and export. The launch of this production will enhance the competitiveness of the meat processing industry in Armenia and creation of new jobs,” VTB Bank (Armenia) said in a press release.

“The opening of the factory was made possible due to the close cooperation of the Black Sea Trade and Development Bank , the European Bank for Reconstruction and Development and VTB Bank (Armenia), which provided additional funding and had restructured loans previously granted to NatFood,’ it said.

NatFood is a private company the majority in which is owned by Henrikh Zakhariants. EBRD has a share in it. -0-

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Changes made to compulsory motor liability insurance in Armenia

The Armenian Bureau of Motor Insurers has launched a new feature, as reported by the Central Bank of Armenia.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

VTB (Armenia) endorses the initiative to enhance library collections in the regions

VTB Bank (Armenia) has become a participant in the Newmag BOOK DONATION educational and charitable initiative, which aims to enrich the collections of community libraries located in the regions of Armenia, as reported by the bank's press service.

LATEST NEWS

spot_imgspot_imgspot_img