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

Armenia to receive €170.3 million loan from IBRD for economic transformation

At a meeting on Thursday, the Armenian government approved a loan agreement with the International Bank for Reconstruction and Development (IBRD, a World Bank structure) for €170.3 million under the "Armenia Economic Transformation Policy Development Loan" program.

Moody’s Raises Acba Bank Rating Outlook

Moody's, the international rating agency, simultaneously raised the outlook on Armenia's sovereign credit rating and changed the outlook on Acba Bank's Ba3 long-term deposit and issuer ratings from "stable" to "positive."

Moody’s changes the outlook on IDBank’s ratings to positive

Moody’s Ratings has changed the outlook on IDBank’s long-term deposit ratings to positive from stable.

Head of the Union of Banks of Armenia did not rule out consolidation of the Armenian banking market

Daniel Azatyan, Chairman of the Union of Banks of Armenia, believes the current number of commercial banks in the country is optimal, but theoretically allows for market consolidation.

Central Bank of Armenia explained its decision to keep the interest rate unchanged

The Central Bank of Armenia kept the interest rate unchanged because it has not yet seen any deviation in inflation expectations from the target level, stated Deputy Chairman of the Central Bank Hovhannes Khachatryan.

LATEST NEWS

spot_imgspot_imgspot_img