Armenian PM asks CB head to look into possibility of granting credit amnesty to farmers
17.05.2018,
16:19
Armenian Prime Minister Nikol Pashinyan asked today the head of the Central Bank Artur Javadyan to look into the possibility of granting credit amnesty to farmers.
YEREVAN, May 17. /ARKA/. Armenian Prime Minister Nikol Pashinyan asked today the head of the Central Bank Artur Javadyan to look into the possibility of granting credit amnesty to farmers.
According to the ministry of agriculture, recent hailstorms damaged 50 hectares of fruit orchards in the Aragatsotn province and 30 hectares in the Armavir province.
Agriculture minister Artur Khachatryan recalled that in 2015 hailstorms caused a total of 8 billion drams worth damages, in 2016 - 33.5 billion drams, and in 2017 - 12, 2 billion drams.
According to the minister, it is more expedient to direct the money released by the government to compensate for these damages to preventive measures, which will reduce the amount of government compensation.
"As a matter of fact, we can say that an effective system of anti-hail facilities does operate in Armenia today, which is a serious problem, since there had been too much talk about serious changes in this area, which actually did not happen," Pashinyan said. He pointed to the need to identify the reasons why the farms did not widely use the possibility of installing anti-hail grids and suggested that it was because of limited finance.
According to Central Bank chairman Artur Javadyan, a plant in Vanadzor is under construction that will manufacture anti-hail grids. He said the plant will start production of grids soon, and as a result the prices will fall. He said the Central Bank is also working with the ministry of agriculture and the German bank KfW to develop agricultural insurance policy.
According to minister Khachatryan, dairy farms agreed to continue buying milk from rural population at 220 drams per liter until May 25. Then the sides will meet to discuss a new price policy for this sector, he said. -0-
According to the ministry of agriculture, recent hailstorms damaged 50 hectares of fruit orchards in the Aragatsotn province and 30 hectares in the Armavir province.
Agriculture minister Artur Khachatryan recalled that in 2015 hailstorms caused a total of 8 billion drams worth damages, in 2016 - 33.5 billion drams, and in 2017 - 12, 2 billion drams.
According to the minister, it is more expedient to direct the money released by the government to compensate for these damages to preventive measures, which will reduce the amount of government compensation.
"As a matter of fact, we can say that an effective system of anti-hail facilities does operate in Armenia today, which is a serious problem, since there had been too much talk about serious changes in this area, which actually did not happen," Pashinyan said. He pointed to the need to identify the reasons why the farms did not widely use the possibility of installing anti-hail grids and suggested that it was because of limited finance.
According to Central Bank chairman Artur Javadyan, a plant in Vanadzor is under construction that will manufacture anti-hail grids. He said the plant will start production of grids soon, and as a result the prices will fall. He said the Central Bank is also working with the ministry of agriculture and the German bank KfW to develop agricultural insurance policy.
According to minister Khachatryan, dairy farms agreed to continue buying milk from rural population at 220 drams per liter until May 25. Then the sides will meet to discuss a new price policy for this sector, he said. -0-
