ACBA Leasing joins subsidy program of agricultural machinery leasingMay 4, 2017 - 16:10 AMT PanARMENIAN.Net - ACBA Leasing on Thursday, May 4 joined the subsidy program of agricultural machinery leasing. Armenia’s deputy minister of agriculture Robert Makaryan, acting head of the rural financing branch of the government’s rural areas economic development office Vahe Harutyunyan and ACBA Leasing general manager Arsen Bazikyan signed a corresponding memorandum. “We are now negotiating with other organizations as well to have more financial institutions involved in the project,” Makaryan said. “The market is open. The more providers and financial institutions we have, the lower will be the prices for agricultural households, farmers and cooperatives. "
Bazikyan said, in turn, that the memorandum will enable farmers to purchase agricultural machinery on unprecedented conditions and serve as a basis for expanding their business. Harutyunyan also commented on the project, citing a great demand for agricultural tools. In the framework of the project, businesses can purchase tractors, combine harvesters, balers, sowing machines, plows, mowers, potato planters, potato harvesters, cultivators, milling cutters and and sprayers. The equipment can be acquired with a 20% deposit, 2% annual leasing interest rate and 3-10 years of maturity period, based on the type of machinery. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |