Russia’s rosagroleasing to open soon its Armenian subsidiary

YEREVAN, July 26. /ARKA/. Armenian agricultural minister Sergo Karapetian told a news conference today that Russia’s Rosagroleasing enterprise that provides tractors and other equipment to farmers will open very soon its Armenian subsidiary.

According to him, the subsidiary will lease agricultural machinery to farmers at low interest rates and long repayable period. The minister said also it would be beneficial to agricultural cooperatives, which may upgrade their machinery for co-processing of lands.

Karapetian also informed that his ministry was negotiating supplies of Armenian fruits and vegetables with peers in Russia and Belarus.

Rosagroleasing is the largest state owned agro industrial leasing company in Russia, working on the leasing market of agricultural equipment. It was established in February 2001. The main shareholder of the company is the government of the Russian Federation. The company is the leading company amongst Russia's leasing companies on the value of the concluded agreements and is one of the top 50 European companies (judged by the European association of leasing companies).  -0-