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 | Government reveals details from Pashinyan’s meeting in border village Prime Minister Nikol Pashinyan has met with a group of residents of a border village in Armenia’s northern Tavush province Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. |