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

A unique greenhouse complex opened in Armenia

A unique greenhouse complex for tomato cultivation, equipped with artificial intelligence, robotics, and the latest technologies, has officially opened in the village of Nor Yedesia in the Aragatsotn region, according to the press service of Acba Bank.

Central Bank of Armenia has identified the reasons for the acceleration of inflation to 5.1% in June

External price pressure, rising local food prices, and a slight expansion of domestic demand contributed to the acceleration of annual inflation in Armenia from 3.9% in June 2025 to 5.1% in June 2026.

The investment portfolio of Armenian banks in the second quarter amounted to 1.93 trillion drams, a decline of 9.5% year-to-date

The total investment portfolio of commercial banks in Armenia at the end of June 2026 amounted to 1,933,341,220 thousand drams, a decrease of 202.38 billion drams, or 9.48%, year-to-date.

Armenia’s international reserves reached a record $6.19 billion in July 2026

Armenia's gross international reserves at the end of July 2026 amounted to $6,188.6 million, compared to $5,896.2 million at the end of June, according to a Central Bank report.

Armenian banks’ investments in securities in the second quarter amounted to 1.92 trillion drams

The total volume of investments by Armenian commercial banks in securities as of the end of June 2026 amounted to 1,922,826,829 thousand drams.

LATEST NEWS

spot_imgspot_imgspot_img