YEREVAN, February 6. /ARKA/. On Thursday, the Armenian government approved a program to stimulate the development of modern, technologically advanced large greenhouse farms.
As reported by Minister of Economy Gevorg Papoyan, there are currently greenhouse farms operating in Armenia with a total area of about 1,500 hectares, of which just over 250 hectares have been established using modern technologies.
Papoyan pointed out that state support for the creation of greenhouse farms is currently limited to 3 billion drams, which is insufficient to establish large-scale farms. To address this, the new program proposes allocating up to 15 billion drams in subsidized loans, enabling each beneficiary to create a modern greenhouse farm with an area of up to 20 hectares.
Under this scheme, 3 billion drams of the issued amount will be subsidized at 10% of the interest rate, loans between 3 billion and 9 billion drams will be subsidized at 9%, and the remaining funds will be subsidized at 8%.
As a result of this decision, it is expected that by the end of 2026, 35 hectares of modern greenhouse farms will be established. ($1 = 396.58 drams).
