Wed, 17 September
21.1 C
Yerevan
USD: 382.94 RUB: 4.61 EUR: 453.25 GEL: 141.01 GBP: 522.45

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

3.6% inflation registered in Armenia in August

n the consumer market of Armenia, 12-month inflation in August of this year amounted to 3.6%, according to the report of the National Statistical Committee (NSC) of Armenia.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

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.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

LATEST NEWS

spot_imgspot_imgspot_img