Armenia to create new forests through $18.7M investment

Armenia to create new forests through $18.7M investment

PanARMENIAN.Net - $18.7 million will be invested in Armenia throughout the coming eight years to create new forests, the country's Ministry of Environment reports.

Implemented through the Forestry Program of the UN Food and Agriculture Organization (FAO), this is the first large-scale project in Europe and Central Asia, financed by the Green Climate Fund (GCF).

The project seeks to expand Armenia's forest area by 2.5%, reduce the demand for firewood in rural communities by at least 30%, to promote sustainable forest management and ensure the availability of technologies in rural communities.

According to information provided by the Food and Agriculture Organization, forest areas in Armenia covered an area of 328,000 ha, down from 335,000 ha in 1990.

 Top stories
Vahan Kerobyan said Armenia will most probably introduce a ban on the sale of Turkish products as well.
According to Vahan Kerobyan, a sharp decline in the travel industry was recorded last year, but now the situation has changed
Pashinyan said that raising the efficiency of the fight against corruption will be one of the most important challenges.
The Council adopted revised conclusions on the EU list of non-cooperative jurisdictions for tax purposes.
Partner news