Wed, 4 February
0.1 C
Yerevan
USD: 378.44 RUB: 4.93 EUR: 446.07 GEL: 140.62 GBP: 516.76

A young farmer develops his village through hard work

YEREVAN, November 25. /ARKA/. Young farmer Karen Grigoryan lives and works in the village of Arazap, located in the Armavir region.

Karen bought modern tractors to cultivate his fields, enabling him to complete the work more quickly and also assist his fellow villagers.

Karen’s partner in purchasing the tractors was the company “Acba Leasing,” which made land work with the new equipment more efficient.

“With the support of Acba Leasing, we purchased new tractors, which have made agricultural work faster and easier: we can now cultivate the soil in a timely manner. Thanks to the new equipment, we are currently able to process up to 15 hectares of land per day, compared to about half with the old equipment. My goal is to increase the number of tractors in the future to provide more services to our fellow villagers,” said farmer Karen Grigoryan.

Through ‘’Acba Leasing’’, with government subsidies, you can purchase agricultural machinery and equipment from brands like ‘’Belarus’’, ‘’Yuto’’, ‘’Solis’’, ‘’Lovo’’, ‘’Chanfa’’, ‘’Okyu’’, ‘’Dong Feng’’, ‘’New Holland’’, ‘’Tavol’’, and many others, at an effective interest rate of 2% per year.

With the support of ‘’Acba Leasing’’, agricultural equipment worth a total of 22 billion drams was provided to Armenia’s rural sector, resulting in a significant upgrade of the agricultural sector’s technical fleet.

Acba Bank is the 100% shareholder of ‘’Acba Leasing’’. Akba Leasing is regulated by the Central Bank of Armenia. -0-

spot_img

POPULAR

Euro, dollar, and ruble drop against Armenian dram

As of February 3, 2026, the average exchange rate of the US dollar against the Armenian dram in the Armenian foreign exchange market has risen by 0.59 points from February 2, now standing at 378.44 drams.

Board of the Central Bank of Armenia left the refinancing rate unchanged at 6.50%

At its meeting on February 3, the Board of the Central Bank of Armenia kept the refinancing rate at 6.50%.

Armenia’s corporate bond market grew approximately fourfold between 2018 and 2025: minister

Armenian Economy Minister Gevorg Papoyan reported that the country's corporate bond market grew more than 4.4-fold between 2018 and 2025.

Armenia Ranks Third in Russian Business Account Requests — NSV Consulting

In 2025, Russian business representatives expressed interest in opening accounts in more than 20 foreign jurisdictions.

Net inflow of money transfers to Armenia from abroad increased by 8.6% in 2025

The net inflow of cross-border remittances to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.64 billion in January-December 2025, compared to $1.51 billion in January-December 2024, according to a report from the Central Bank.

LATEST NEWS

spot_imgspot_imgspot_img