Announcement

Collapse
No announcement yet.

Armenia's Agro-Industry Needs A New Development Model With New Techn

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Armenia's Agro-Industry Needs A New Development Model With New Techn

    ARMENIA'S AGRO-INDUSTRY NEEDS A NEW DEVELOPMENT MODEL WITH NEW TECHNOLOGIES AND SERIOUS CAPITAL INVESTMENTS
    by Tigran Khachatryan

    ARMINFO
    Tuesday, July 16, 20:24

    Introduction of new technologies and inflow of serious capital
    investments will increase the productivity in the agrarian sector and
    enhance the competitiveness of Armenian commodities in the foreign
    markets.

    When presenting the New Research on Food Processing Industry in Armenia
    and the Region, Tigran Jrbashyan, Development Director of Ameria
    CJSC, said on July 16 that a new segment - industrial agriculture -
    is being formed in Armenia. He explained that the matter concerns
    large greenhouse facilities, horticulture and fish breeding.

    Given the country's small economy, development of the food processing
    industry mostly depends on the export potential for agricultural
    products, Ameria experts say.

    Jrbashyan said that out of the 40 countries of the CIS and Eastern
    Europe researched by Ameria, Armenia is in the lead with its
    agriculture share in GDP (about 19-21%) but lags far behind with its
    productivity. He pointed out that over the past 2-3 years big funds
    have been invested in ensuring high productivity in agriculture. "The
    state support to agriculture development should be replaced with
    the support to productivity. Favorable conditions should be created
    for that, because the world experiences transformation of the social
    factor of agriculture into an income-producing sector with a potential
    for export and productivity. This trend should be considered and
    researched not only by the state, and a new model should be worked
    out on this basis", Jrbashyan stressed.

    The National Statistical Service of Armenia says that over Jan-May
    2013 the gross agricultural output (including the fish breeding output)
    totaled 152.7 bln AMD (up almost 3% versus Jan-May 2012).

    According to the research results, there are some 900 greenhouse
    facilities in Armenia with a total area of 130 ha (the biggest
    greenhouse facility of Armenia occupies an area of 5 ha). 60% of
    the greenhouse facilities in Armenia grow only vegetables, while
    the other 40% grow flowers and ornamental plants. Ameria experts
    forecast moderate development of the greenhouse facilities in Armenia
    for the next 5 years mainly due to big facilities. In the meantime,
    the experts say, the small and medium-sized greenhouse facilities in
    Armenia are not promising.

    The research revealed upward trends in horticulture and viticulture
    in Armenia. 2/3 of the total horticultural lands in Armenia is
    concentrated in 4 regions: Armavir, Ararat, Aragatsotn, and Kotayk.

    The share of Ararat and Armavir in total was the largest: in 2012
    these two regions ensured 50% of the total production. According to
    the research, climate conditions are the main risk for development of
    the given segment. The research showed that the average annual growth
    of fish farms for the last 10 years totaled 28.5%, with the actual
    volume of the fish exports growing over 4.7- fold. Ameria experts
    forecast moderate growth of fish industry for the next 5 years. They
    say the given segment is promising enough, but there are two major
    tasks in the regulatory framework that need solution.

    Ameria Group is the majority shareholder of Ameriabank with 99.99%.

    Ameria Group comprises Ameriabank, America Management Advisory, Ameria
    Equity Partners, Property Development Company, Ameria Invest. Ameria
    CJSC is one of the leading companies in the Armenian market of
    advisory services, offers a comprehensive set of professional services
    embracing three key areas: management advisory, financial advisory
    and legal advisory.

Working...
X