Latest generation geothermal hydroponic greenhouse established in Kotayk with support of Acba Bank (VIDEO)

YEREVAN, August 11. /ARKA/. Hatisi Barikner company grows juicy tomatoes in the latest generation geothermal hydroponic greenhouse built on an area of 3,600 square meters, saving water, heating, cooling and electricity.

The two friends who founded the greenhouse, Davit and Vahan, used to work in banking. Together, they first created plastic bottles, and then a unique plant in the region for recycling tires and producing fuel used to heat the greenhouse.

The friends divided the work: David takes care of the technical issues and Vahan of the administrative ones. They learn everything from their own experience. When choosing the location, they took into account that the greenhouse should be located in one of the sunniest places in Armenia.

Hatisi Barikner’s partner is Acba Bank, which from the very beginning believed in the idea of the two friends to create an innovative greenhouse, reports the bank’s press service.

“None of this would have been possible so quickly without a trustworthy partner. In this sense, Acba Bank and Acba Leasing responded quickly and ‘shared’ our innovative investment case. Not all innovations can be successful, but our partners believed in us and we continue to develop together,” says Davit Karamyan, co-founder of Hatisi Barikner.

Currently, the company sells its tomatoes on the local market only.

Acba bank is controlled by the Central Bank of Armenia. -0-

spot_img

POPULAR

Euro rises 3.86 points to Armenian dram, while US dollar and ruble remain unchanged

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of April 14, 2026, remained unchanged from April 13, at 375.19 drams.

Grant Akopian Appointed CEO and Chairman of the Management Board of Converse Bank

Converse Bank CJSC announces the appointment of Grant Akopian as Chief Executive Officer and Chairman of  the Management Board of the Bank.

Central Bank of Armenia should be prepared to raise refinancing rate – IMF

The Central Bank of Armenia should be prepared to raise the refinancing rate as needed to return inflation to the target level amid rising inflationary pressures and heightened uncertainty, stated Alexander Timan, head of the IMF mission to Armenia.

ADB considers Armenia’s capital market development key to long-term financing, investment, and sustainable growth

Developing Armenia's capital market is considered key to increasing the availability of long-term financing and supporting investment, economic diversification, and sustainable growth, according to the ADB's Asian Development Outlook (April 2026).

Central Bank of Armenia website and centralized registry of bank accounts may be unavailable for four hours on April 14

The Central Bank of Armenia website and the centralized registry of bank accounts may be temporarily unavailable on April 14 from 7:00 PM to 11:00 PM due to scheduled maintenance of the information systems.

LATEST NEWS

spot_imgspot_imgspot_img