Some 5.5 billion drams to be invested in intensive nectarine and plum orchards in Armenia

|

USD

382.59

EUR

452.83

RUB

4.6184

GEL

140.01

11.09.2025, 16:22

At a meeting on Thursday, the Armenian government decided to exempt SLG AGRO from customs duties on imports. The company plans to invest 5.5 billion drams in the creation of intensive nectarine and plum orchards.

Some 5.5 billion drams to be invested in intensive nectarine and plum orchards in Armenia

YEREVAN, September 11. /ARКА/. At a meeting on Thursday, the Armenian government decided to exempt SLG AGRO from customs duties on imports. The company plans to invest 5.5 billion drams in the creation of intensive nectarine and plum orchards.

The company plans to implement an investment program in a priority sector using modern technologies at the expense of imported products.

The program will be implemented on land plots in the Dalarik administrative district of Baghramyan community in Armavir region, where intensive nectarine and plum orchards are planned to be planted on an area of 207.35 hectares in 2025-2027.

The orchard will be irrigated using a drip system, the orchard will be protected by an anti-hail system, and about 1,642 trees will be planted on one hectare.

Investments in the amount of 5.5 billion drams will be directed to the purchase and installation of trellis systems and anti-hail nets, drip irrigation and fertigation systems, the purchase of trees and agricultural machinery and other types of work.

It is planned to create 150 new jobs by 2026. The exemption from customs duties is estimated at 59 million drams. ($1 - 382.75 drams).-0-

Russian medical laboratory chain Helix plans to enter Armenian market with an investment of $1.6 million

Helix, a Russian medical laboratory chain, has signed a franchise agreement in Armenia.

18.09.2025 16:23

Unibank completes preferred share allocation head of schedule

Unibank has successfully completed the full allocation of AMD 1.5 billion worth of Class G convertible preferred shares ahead of the scheduled deadline.

18.09.2025 10:56

Regulator turns down administrative complaint lodged by Electric Networks of Armenia contesting extension of its license

On Wednesday, Armenia’s Public Services Regulatory Commission (PSRC) has turned down the administrative complaint filed by the Electric Networks of Armenia (ENA) CJSC, challenging the extension of its license for guaranteed electricity supply until February 1, 2029.

17.09.2025 18:15

Head of Mantashiants Entrepreneurs Union proposes reforms to protect Armenian businesses from arbitrary actions of SRC and Investigative Committee

Vahram Mirakyan, the head of the Mantashiants Entrepreneurs Union, has announced efforts to implement several legislative changes aimed at altering the state's approach to business.

17.09.2025 13:17

Acba Bank fosters open and trusting relationships with its shareholders

Aсba Bank conducted its second meeting with shareholders and investors in a new format, reviewing the results of the first half of 2025, as reported by the bank's press service.

16.09.2025 10:30

Regulatory authority in Armenia halts production of sausages by well-known brand

Officials from Armenia's Food Safety Inspectorate carried out inspections and collected samples for laboratory analysis at the meat production facility of the Meat Food company in Yerevan.

15.09.2025 16:22

Armenia abolishes double taxation on income with Japan

The National Assembly of Armenia approved the Convention aimed at eliminating double taxation of income and preventing fiscal evasion with Japan during its session on Thursday.

12.09.2025 09:18

UBPay and URemit Announce Partnership

The Armenian money transfer system UBPay has partnered with URemit, a Canadian company specializing in international remittances.

12.09.2025 08:57