Rosagroleasing intends to open branch in Armenia

YEREVAN, February 8. /ARKA/. Russia’s Rosagroleasing is going to open branches in Armenia and Kyrgyzstan, Novosti-Armenia reports referring to Prime, which quoted Valery Nazarov, the head of the company, as saying.  

“An instruction came from the president to open branches or joint stock companies in Armenia and Kyrgyzstan,” he said. “They are interested very much. We are outlining terms of the work now. We have already talked to Kyrgyzstan’s first deputy prime minister and the administration of the central bank, which will be the leasing operator.”

Nazarov said that to open branches in Armenia and Kyrgyzstan the Rosagroleasing will have to enlarge its authorized capital. The application for allocation of 8.5 billion Russian rubles for enlargement of the authorized capital is being considered now by ministries.  

Sergo Karapetyan, Armenian agriculture minister, said yet in August 2012 that Rosagroleasing may open its resident office in Armenia soon.  

He said the office will provide leasing to farmers on preferential terms and will consult villagers in creation of cooperatives.  

Rosagroleasing is state-run company that provides farmers with agricultural machinery and pedigree cattle. The government holds 99.99% of the company’s shares. -0-