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ARMENIA'S AGRICULTURE SHOWS 9.5% GROWTH LAST YEAR
TERT.AM
14:47 ~U 28.02.13
Armenia's Statistical Service reports 9.5% growth in the country's
agricultural sector in 2012 as compared with 2011.
At his meeting with journalist on Thursday, Armenia's Minister of
Agriculture Sergo Karapetyan said the growth was possible due to
government assistance programs. Under the major programs, Armenia's
farms were provided with nitrogen fertilizers and diesel fuel.
"The gross agricultural produce totaled AMD 840.5bn. This January we
recorded 2.1% growth as compared with last January. Last year they
were provided with up to 37,000 tons of nitrogen fertilizers and
25,000 tons of diesel fuel," Mr Karapetyan said.
Armenia's government plans to provide 31.4 thousand tons of nitrogen
fertilizers to Armenia's agricultural sector this year.
"This is serious aid to farms. We will continue issuing loans. Banks
grant loans to at an annual interest rate of 14%. But they grant
agricultural loans at an annual interest rate of 10%," Mr Karapetyan
said.
Moreover, socially vulnerable families can apply for loans at an
annual interest rate of 8%.
"More than 43,000 farms have received loans exceeding AMD 32bn,"
Mr Karapetyan said. An AMD 7.5bn lending program has been approved
for this spring.
Mr Karapetyan also singled out a program of supplying seeds to farms.
TERT.AM
14:47 ~U 28.02.13
Armenia's Statistical Service reports 9.5% growth in the country's
agricultural sector in 2012 as compared with 2011.
At his meeting with journalist on Thursday, Armenia's Minister of
Agriculture Sergo Karapetyan said the growth was possible due to
government assistance programs. Under the major programs, Armenia's
farms were provided with nitrogen fertilizers and diesel fuel.
"The gross agricultural produce totaled AMD 840.5bn. This January we
recorded 2.1% growth as compared with last January. Last year they
were provided with up to 37,000 tons of nitrogen fertilizers and
25,000 tons of diesel fuel," Mr Karapetyan said.
Armenia's government plans to provide 31.4 thousand tons of nitrogen
fertilizers to Armenia's agricultural sector this year.
"This is serious aid to farms. We will continue issuing loans. Banks
grant loans to at an annual interest rate of 14%. But they grant
agricultural loans at an annual interest rate of 10%," Mr Karapetyan
said.
Moreover, socially vulnerable families can apply for loans at an
annual interest rate of 8%.
"More than 43,000 farms have received loans exceeding AMD 32bn,"
Mr Karapetyan said. An AMD 7.5bn lending program has been approved
for this spring.
Mr Karapetyan also singled out a program of supplying seeds to farms.