Green technologies boost business efficiency (PHOTO, VIDEO)

YEREVAN, July 8. /ARKA/. Top managers  of Acba Leasing and the EBRD Green Economy Financing Facility (GEFF) in Armenia organized a meeting for businessmen to tell them how to invest their money properly, how to take advantage of government subsidy programs to manage their own economy more wisely  with fewer resources, but with greater results,  the press service of Acba Leasing said.

The first meeting in this format was held in Vayots Dzor province, part of Armenia where the heritage of Armenian winemaking is. The use of “green” technologies in the field of winemaking also contributes to raising the companies’ international competitiveness.

“The programs allow our partners to take advantage of government subsidy programs and leverage fixed assets at 0-5% per annum after subsidies, as well as re-equip production and improve productivity. In order to present these opportunities, we ourselves travelled to Vayots Dzor for the meeting  so that our colleagues did  not waste their time traveling this busy summer season and could find all possible solutions on the spot,” said Vahagn Shmavonyan, head of supplier relations for Acba Leasing.

“Agriculture is of paramount importance for Armenia, and given the rapid growth of this sector, it should be noted that the industry has highly efficient technologies that will allow companies not only to develop dynamically, but also to maintain their energy efficiency at a high level. Winemaking is a fast-growing industry, and it is important to be competitive in the international arena. Energy and resource efficiency is important for this sector,” said Vardan Khachatryan, GEFF Technical Advisor in Armenia.

Numerous partners of Acba Leasing already use green technologies, which help farms become more sustainable and profitable. Similar meetings will be held in different regions of Armenia as well.

GEFF program is implemented in Armenia by EBRD with support of GCF and CIF, contributing to Armenia’s transition to green economy by providing $37 million to finance energy efficiency, renewable energy and climate change adaptation investments.

Acba Leasing is controlled by the Central Bank of Armenia.

More in the video. –0–

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (August 10-16)

YEREVAN, August 17. /ARKA/. Armenia's financial agenda last week focused on setting up payment and cryptocurrency infrastructure, capital market activity, and the parameters of the next stage of universal health insurance.

Armenia set to enhance development of its capital market, targeting large issuers and new investors

YEREVAN, August 20. /ARKA/. The Armenian government prioritizes diversifying funding sources and advancing the capital market to foster sustainable and productive economic growth.

US dollar, euro, and ruble up against  Armenian dram

YEREVAN, August 20. /ARKA/. The average market exchange rate for the US dollar to the Armenian dram on the Armenian foreign exchange market as of August 20, 2026, increased by 0.3 points to 365.26 drams compared to August 19.

Acba Bank has issued over 1 million cards, solidifying its leadership in Armenia

YEREVAN, August 17. /ARKA/. For more than five years, Acba Bank has held the top spot in the Armenian card market. As of May 2026, the total number of cards issued by the bank surpassed 1 million, as reported by the bank's press service.

New requirements for banks to manage risks of circumventing international sanctions come into effect in Armenia

YEREVAN, August 17. /ARКА/. As of August 12, 2026, new regulations for banks regarding the management of risks associated with evading international sanctions have been implemented in Armenia.

LATEST NEWS

spot_imgspot_imgspot_img