Ameriabank assists in development of greenhouse enterprises in ArmeniaDecember 2, 2014 - 13:13 AMT PanARMENIAN.Net - As a consulting partner, offering an extensive range of financial assistance, Ameriabank is financing a developing sector of industrial agriculture – greenhouse enterprises. Founded in January 2014, Kaga Agro Ltd. was granted a loan of $4 million for construction of a Dutch technologies-based 2 ha-wide greenhouse facility. Ameriabank management company study on the development of industrial agriculture suggests that the majority of greenhouses in Armenia are too small, their low productivity and efficiency preventing development of the sector in the country. While greenhouses mostly use labor cost-cutting technologies, large greenhouses employ those aimed at production growth, thereby increasing productivity. According to Ameria experts’ forecasts, in the years to come, development of the sector will be triggered by the technology-driven large greenhouses, with the prospects remaining unpromising for small ones. Development of greenhouse enterprises in Armenia will boost domestic agricultural production volumes to meet the local demand and become competitive at international markets. 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 | Power of One Dram to benefit Road of Life, Strong Mind IDBank and Idram summarize the results of the May program of “The Power of One Dram”. Yerevan State University, Ucom sign Memorandum of Cooperation Rector of Yerevan State University Hovhannes Hovhannisyan and General Director of Ucom Ralph Yirikian signed the memorandum. EU to provide budgetary support to Armenia The agreement is aimed at increasing the competitiveness of the educational system of Armenia. Aliyev: No peace treaty unless Armenia changes constitution Azerbaijan will not sign a peace treaty with Armenia unless the latter changes its constitution, Azerbaijani President Ilham Aliyev said. |