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

ACBA Bank issues bonds totaling 10 billion drams and $10 million

ACBA Bank is offering, via a public offering, two tranches of non-documentary coupon bonds, with a total volume of 10 billion drams and $10 million. The offering period runs through February 20, 2027.

Euro and US dollar exchange rates against the Armenian dram have declined, while the ruble has continued to rise: Central Bank of Armenia

The average market exchange rate of the US dollar against the Armenian dram, as established in Armenia’s foreign exchange market on October 22, 2026, fell by 0.07 points compared to October 21, reaching 361.33 drams.

Central Bank of Armenia adopts measures to avert worst-case economic scenarios

The Central Bank of Armenia has shifted its focus from a single baseline scenario to an analysis of multiple potential scenarios, aiming to identify those that pose the most significant threats, according to the regulator’s Governor, Martin Galstyan.

Two banks in Armenia accounted for half of the growth in the banking sector’s assets and loan portfolios in the third quarter

Ardshinbank and Ameriabank accounted for 50.30% of the net growth in assets and 51.58% of the net growth in loan portfolios among Armenian banks during the third quarter of 2026, according to an operational bulletin from the ARKA news agency.

Ardshinbank and Ameriabank Account for Over Half of Armenian Banks’ Profit in First 9 Months

Ardshinbank and Ameriabank generated 50.81% of the total profit of Armenian banks from January to September 2026, according to an operational bulletin from the ARKA news agency.

LATEST NEWS

spot_imgspot_imgspot_img