// IP Marketing video - START// IP Marketing video - END

$120 million to be invested in Armenian agriculture

$120 million to be invested in Armenian agriculture

PanARMENIAN.Net - Around $120 million will be invested in the agricultural sector of Armenia in 2017, the Ministry of Agriculture said in a statement following the meeting of Minister Ignati Arakelyan, deputy ministers and representatives of the sector.

“Summing up the work done, we can state that projects worth some $120 million will be implemented in the sector in 2017,” Arakelyan said.

“The investments will be spent to build a canning factory and slaughterhouses, expand greenhouse farms, ramp up brandy production among other things.”

Arakelyan said regional development projects will be implemented too.

A number of other issues were also discussed during the meeting.

 Top stories
Armenia's foreign debt amounts to $4.3 billion as of March 2017, while that of the central bank totaled $517.9 million.
According to Vardanyan, IDeA and its partners and donors have since 2007 invested more than $550 million in various projects in Armenia.
75.8 million kWh of Armenian electricity have been shipped to the Georgian market in the first quarter of 2017.
The government has made a decision to allocate to Sastex the building of the former regional hospital and the adjacent areas.
Partner news