Thu, 6 February
3.1 C
Yerevan
USD: 396.58 RUB: 4.04 EUR: 413.36 GEL: 140.63 GBP: 497.27
spot_img

Apricot dream: Acba bank is financing creation of intensive apricot orchard (video)

YEREVAN, March 23. /ARKA/. The Acba bank is financing the creation of the largest intensive apricot orchard in Armenia, the press service of the bank reported.

With enthusiasm and big plans … In three or four years, the rocky territory has become available for intensive agriculture and began to bear fruit.

The largest intensive apricot orchard in Armenia has been created in the Artamet community. The decision was made five years ago, the orchard was designed, and the Armenian apricot dream was realized.

In one hour, 1500-2000 apricot trees are planted instead of 150-200. In three years, 1,000 tons of Armenian apricot of shalakh variety will be harvested from an area of​​40 hectares, and in five years – 2,000 tons. The future of the Armenian apricot is being created here.

“It was a semi-desert, semi-rocky place. There is nothing that is impossible: water can be extracted from a stone if there is will and inspiration. Intensive agriculture in Armenia has great prospects. In this way, yields increase, risks, costs and profitability become manageable.

The project is financed by Acba bank. We are working with colleagues from Acba to make financial modeling more project-based. And with financing from ACBA Leasing, we purchased equipment. Constant cooperation will deepen and projects will increase,”said Karen Baghdasaryan, co-owner of the intensive garden. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Euro exchange rate plummets by 5.57 points to AMD 406.68

The average market exchange rate of the U.S. dollar to the Armenian dram on February 3, 2025, totaled 396.99 drams, down 0.36 points compared to January 31.

ACBA Bank to Invest $50 Million in MSME Development in Partnership with JICA (VIDEO)

ACBA Bank and the Japan International Cooperation Agency, JICA, are launching a partnership, as a result of which ACBA Bank will invest $50 million in the development of micro, small and medium-sized enterprises in Armenia.

Net inflow of money transfers to Armenia drops 1.1 times in 2024

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the banking system of the Republic of Armenia, amounted to $1.51 billion in January-December 2024, compared to $1.65 billion in 2023, according to the report from the Central Bank of Armenia.

Net inflow of remittances from Russia to Armenia in 2024 decreased by 52.3% – Ministry of Finance

In January-December 2024, the net inflow of remittances to Armenia decreased by 34.8%, with a decline of 52.3% from the Russian Federation and 3.5% from other countries.

LATEST NEWS

spot_imgspot_imgspot_img