Ecotomato Company opens new Greenhouse with support from VTB Bank (Armenia)

YEREVAN, May 18. /ARKA/. Ecotomato Company, under support from VTB Bank (Armenia), has opened a new greenhouse for growing Dutch roses, the press office of VTB Bank (Armenia) reported on Friday.

The opening ceremony was attended by Armenian President Serzh Sargsyan, other high-ranking officials, the administration of the VTB Bank (Armenia) and business people.

Yuri Gusev, CEO of VTB Bank (Armenia) and chairman the bank’s directorial board, said the bank has a rich experience in financing greenhouses.

«Ecotomato, the leader at Armenia’s rose-growing market, is a flagship company in introduction of advanced technologies in business, and our cooperation will last long,» he said expressing confidence that the company will not be satisfied with what has already been achieved and will expand its activity.

Arsen Sandoyan, head of Ecotomato, said that the company is expanding its activity from year to year.
«The opening of our third greenhouse will make it possible to build up our output several times and this will become possible thanks to long years of our cooperation with VTB Bank (Armenia),” he said. «The financing received from the bank was used to construct a greenhouse and to acquire special equipment.»

Ecotomato, founded in 2011 is engaged in growing Dutch roses in a two- hectare greenhouse, however, due to the growing demand for flowers both at home and abroad, the company decided to build other greenhouses.

It has built greenhouses jointly with Dutch Dalsem, one of the world leaders in this business. Now 15 varieties of Dutch roses are being grown in the greenhouses, but the company intends to increase the number of varieties.

Ecotomato sells its products in Armenia and exports them to Russia, Georgia, Belarus, the Netherlands and Sweden.

VTB Bank Armenia (Armenian Savings Bank before June 2006) joined VTB Group in April 2004. VTB, the second largest bank of Russia, holds 100% of shares of VTB Bank (Armenia). VTB Bank (Armenia) has 67 branches all over Armenia’s territory – the largest branch network in the country. VTB Bank (Armenia) is reckoned among leaders for general indicators-0–

spot_img

POPULAR

Become a Unibank shareholder and acquire perpetual bonds with a 13.25% yield

Unibank is successfully placing newly issued shares worth AMD 3.9 billion as part of Armenia’s first hybrid investment offering.

Deposits in Armenian commercial banks at the end of July amounted to approximately 8.3 trillion drams

Deposits in commercial banks in Armenia at the end of July 2026 amounted to 8,289,634 million drams, compared to 8,070,715 million drams in June. This is according to data from the Statistical Committee of the Republic.

Euro and ruble exchange rates against the Armenian dram rose, while the dollar weakened: Central Bank

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market, fell by 0.34 points on September 4, 2026, compared to September 3, to 363.85 drams.

Armenian Genocide Museum-Institute Refurbished

With the support of the Stepan Gishyan Charitable Foundation, the Armenian Genocide Museum-Institute has received 120 radio guides and 45 new audio guides.

Armenia calls on Visa to reduce fees for cashless payments through POS terminals

RA Deputy Prime Minister Mher Grigoryan called on the international payment system Visa to discuss the possibility of reducing fees charged for cashless payments through POS terminals in Armenia.

LATEST NEWS

spot_imgspot_imgspot_img