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Ardshinbank Finances the Construction of an Innovative Greenhouse Facility
A new greenhouse complex has been launched with the financing of Ardshinbank and the subsidy of the Government of Armenia. YEREVAN, December 25. /ARKA/. A new greenhouse complex has been launched with the financing of Ardshinbank and the subsidy of the ...
12/25/2024New greenhouse farm worth 9 million euros established in Armenia
A new greenhouse farm "Nouveau Village" has opened in Armenia. YEREVAN, December 23. /ARKA/. A new greenhouse farm " Nouveau Village " has opened in Armenia. The construction of the greenhouse began in 2023, with government subsidies ...
12/23/2024Dutch rose growing company to invest AMD 7.5bn i in Armenia
The ROZ ART Company has pledged to invest 7.5 billion drams to expand a greenhouse complex for growing Dutch roses. YE REVAN, 19 December. /ARKA/. The ROZ ART Company has pledged to invest 7.5 billion drams to expand a greenhouse complex for growing Dutch roses. Based on this, the Armenian government at a session on Thursday ...
12/19/2024$9bn investment can help Armenia decarbonise economy and improve energy security - WB report
... country’s total energy supply, one of the largest shares in the world. The energy sector also accounts for two-thirds of Armenia’s greenhouse gas emissions (GHG). The CCDR finds that decarbonizing the energy sector is more affordable than sticking with imported ... ... for Armenia. Armenia also faces a high level of water stress, with over-extraction in areas like the Ararat Valley and Lake Sevan threatening both agriculture and drinking supplies. In addition, transboundary water flows, which account for up to 35% ...
11/08/2024Armenia aims to triple solar energy production by 2030 – parliament speaker
... Simonyan said. ‘Renewable energy is one of Armenia's key priorities. With 270 sunny days a year, our country can make solar energy a central part of its energy strategy. Switching to clean energy reduces our dependence on fossil fuels and reduces also greenhouse gas emissions, contributing to sustainable development,’ Simonyan said, speaking at the discussions on the margins of the 149th Assembly of the Inter-Parliamentary Union. According to him, science and technology play an important role ...
10/15/2024"Green Portfolio": ethical and profitable investment
... internal combustion engines and focusing on electric vehicles. For example, Volvo and GM have stated that they plan to produce only electric models by the mid-2030s. The European Commission in 2023 said it aims to achieve a 55 per cent reduction in greenhouse gases by the end of the decade. BloombergNEF forecasts that by 2040 electric cars will account for 58% of global passenger car sales. 3. CCUS - technologies that enable the management of carbon emissions: capture, disposal, utilisation and ...
10/02/2024Armenian government approves new conditions for agri-food sector development
... this threshold to 2 billion AMD. Additionally, the program will expand the network of mobile modular slaughterhouses, increasing the support limit from 200 million AMD to 2 billion AMD. The leasing assistance program mainly benefits agri-processing, greenhouse, and refrigeration businesses. Papoyan also mentioned that the current leasing interest rate ranges from 12.5% to 15%, depending on bank conditions. The government plans to subsidize 10% of this rate, eventually increasing the subsidy to 12%....
08/29/2024Ardshinbank joins Partnership for Carbon Accounting Financials
... Partnership for Carbon Accounting Financials (PCAF), the bank reported on Monday. The Partnership for Carbon Accounting Financials (PCAF) is a worldwide collaboration between financial institutions to enable harmonized assessments and disclosures of greenhouse gas emissions financed by loans and investments. With more than 480 financial institutions from six continents, the group is rapidly expanding in North America, Latin America, Europe, Africa and Asia-Pacific. By joining PCAF, Ardshinbank aims ...
06/18/2024World Bank helps Armenia strengthen management of forests, wetlands, and protected areas
... neglected abandoned wetlands. Additionally, the project will promote sustainable economic activities and foster the creation of environmentally sustainable jobs in selected rural communities. New and restored forests and wetlands will contribute to reduced greenhouse gas emissions and will enhance the country's resilience to the impacts of climate change. "Armenia’s beautiful landscapes are one of the country’s biggest assets. This asset has been threatened by man-made deforestation and landscape ...
05/10/2024Armenia and WB plan to implement agriculture reform
... the projects of the Ministry of Economy and methods of their implementation, will address the vulnerability of the agricultural sector to climate impact, improve the efficiency of agro-food value chains and food system, contribute to the reduction of greenhouse gas emissions. Components of the program include institutional reforms and support for a green economy, farm-level investments, climate-smart agriculture, market linkages, logistics and value chain development. According to the National Statistical ...
04/12/2024Flowerfield company to invest about AMD 1.3 bln in rose growing project
The government of Armenia exempted today Flowerfield Company from customs duties on import of equipment in return for investing about 1.3 billion drams in construction of a rose growing greenhouse. YEREVAN, October 19. /ARKA/. The government of Armenia exempted today Flowerfield Company from customs duties on import of equipment in return for investing about 1.3 billion drams in construction of a rose growing greenhouse. The company ...
10/19/2023Government exempts Rosegold LLC from import duties; the company will invest $3.5 mln.in building rose growing greenhouse
... of equipment. YEREVAN, October 19. /ARKA/. The Armenian government exempted today Rosegold LLC from customs duties on import of equipment. The company, founded in 2023, plans to invest AMD 1.4 billion (about $3.48 million) in construction of a greenhouse farm in Kotayk province to grow roses. According to the government, the company will spend AMD 918 million to purchase equipment and another AMD 480 million to finance earthwork, installation and other operations. The equipment will be used ...
10/19/2023Yerevan to host Armenian-Iranian business forum
... the focus on cooperation between Armenia and Iran, investment packages and tourism potential. The participants of the forum are export-import companies, tour operators, manufacturers of cosmetics, household appliances, textiles, auto parts, LED-lamps, greenhouse and agricultural equipment, construction and insurance companies. --0-
08/22/2023Latest generation geothermal hydroponic greenhouse established in Kotayk with support of Acba Bank (VIDEO)
Hatisi Barikner company grows juicy tomatoes in the latest generation geothermal hydroponic greenhouse built on an area of 3,600 square meters, saving water, heating, cooling and electricity. YEREVAN, August 11. /ARKA/. Hatisi Barikner company grows juicy tomatoes in the latest generation geothermal hydroponic greenhouse built on an area ...
08/11/2023Human factor remains the main cause of fires - Rescue Service of Armenia
... YEREVAN, August 8. /ARKA/. The human factor remains the main cause of fires, said the head of the National Center for Emergency Situations Colonel Arsen Mkrtchyan. "Despite the fact that recently new causes of forest fires have appeared, such as the greenhouse effect, global warming, the human factor remains the main cause of fires," Mkrtchyan said at a press conference today. He noted that firefighters are always ready to start the fight, but they are physically unable to fully and constantly ...
08/08/2023Armenian government approves program to support development of greenhouse farms
The Armenian government approved today a plan of actions designed to support greenhouse farms in 2023-2023. YEREVAN, July 27. /ARKA/. The Armenian government approved today a plan of actions designed to support greenhouse farms in 2023-2023. The main goal of the plan is to promote creation of greenhouse farms to increase ...
07/27/2023Armenian NGOs express deep concern about Azerbaijani "environmentalists" engaged in political manipulations
... with additional conditions. Considering the need for a "green" energy transition, an international audit of the activities of the Baku-Tbilisi-Ceyhan and other oil and gas industry projects, fulfilled and unfulfilled obligations, as well as greenhouse gas emissions and environmental damage should be carried out. Residents of Mirgurbanli and Yeni Gishlag villages of Neftchala region complain about radioactive iodine emissions, which are waste from the Neftchala iodine and bromine plant owned ...
07/20/2023Armenia's share in climate finance by international banks amounted to 10% - EDB
... climate change. In particular, Armenia accounted for 10% of the financing in 2021, Uzbekistan -for 47% and Kazakhstan – for 26%. The report says that international support allows the countries of the Eurasian region to achieve higher targets to reduce greenhouse gas emissions. On average, the countries of the region plan to reduce greenhouse gas emissions by 15-40% by 2030. With international support, emission reduction targets in Kazakhstan will increase from 15% to 25%, in Kyrgyzstan - from 15% to ...
06/12/2023Armenia can become energy hub of the region – Pashinyan
... developing its infrastructure and creating North-South energy corridor with Georgia and Iran. Pashinyan underscored the transition to "green energy" and noted that Armenia's policy is first of all aimed at decarbonization and reduction of greenhouse gas emissions. The PM also underscored development of renewable energy, which promotes sustainable development in the region. ‘By investing in this sector, we can fight climate change,’ he said. Pashinyan attached importance to the development ...
06/09/2023In partnership with Acba Bank solar power plant installed in Armenian Talin
... partner of the innovative plant is the Acba Bank, which emphasizes participation in projects to ensure the energy stability and independence of the country and to promote green energy. The founders of Talin 2 solar power plant are also planning to build a greenhouse and a refrigerating facility on the territory of the plant. Karapet Ohanyan and his friends started a construction project in Dilijan with Acba Bank as a partner. "I have been personally cooperating with Acba Bank for 20 years. When we ...
05/30/2023Japan will help Armenia open Smart Farming Center in Sisian
... Wednesday, the Armenian Economy Ministry said in a press release. It said the Japanese delegation was accompanied by Armenia's Deputy Minister of Economy Arman Khojoyan. This university, in cooperation with the Japanese government, has introduced a greenhouse infrastructure to teach students the latest technologies. The guests visited an innovative greenhouse, wine chemistry laboratory and tasting room of the EVN Academy, where they tasted the Serund wine produced by the university as well as EVN ...
05/04/2023Liquefied natural gas price jumps in Armenia: regulator says there are no competition violations
... liquefied natural gas in Armenia has grown to 170-200 drams per liter from 110-130 drams a week ago. According to some estimates, more than 80% of vehicles in Armenia run on either compressed or liquefied natural gas, a fuel that produces fewer harmful greenhouse gases than gasoline or diesel. ($1 - 386.85 drams). --0--
05/03/2023ANIF’s new contribution in Armenia's agricultural sector
... is launching a new investment project jointly with the “K&G” company. The joint project “Berrymount” company will start large-scale production of strawberries for export. The partner company “K&G” was founded in 2015 and already has two greenhouses with a total area of 6 hectare. The third greenhouse will be built as a result of the implementation of a joint project of ANIF with the “Entrepreneur + State” investment fund. The company exports almost all of its products. Greenhouse ...
12/16/2022Acba Bank invests in all sectors of economy providing more than 173 billion 350 million drams in loans (video)
... coronavirus pandemic and resolution of social issues resulting from the war. The bank also actively participated in the state-supported agricultural subsidy program, in the processes of establishing new intensive gardens, the implementation of the advanced greenhouse farms and "green" and industrial agriculture, resource saving projects. "Our focus is on the process of economic recovery. First, it was Covid, which brought about overall economic passivity and then the war. Many businesses ...
10/13/2022Russian delegation discusses cooperation in Armenia
... indicators. We keep working together to develop the economies of our countries," said Deputy Minister of Industry and Trade of Russia Alexei Besprozvannykh. The Russian delegation also visited the Tumo Center for Creative Technologies and the largest greenhouse Ecotomato that grows roses. The Russian delegation also had a working meeting with Governor of the Central Bank of f Armenia Martin Galstyan. On the same day they had a meeting with Vardan Urutyan, the Rector of the Agrarian University of Armenia ...
06/28/2022Acba Bank names winners of competition ’Development of Organic Agriculture in 2022-2023’
... projects, motivations and risks. This year, with the assistance of the program, 9 small and medium-sized business entities and individual entrepreneurs will receive certifications for their products. The winners of the competition are: 1. Ani Asatryan (greenhouse industry) 2. Mkrtich Hovsepyan (beekeeping). 3. Leon Hakobyan (berry processing). 4. Hraat Simonyan (beekeeping) 5. Khoren Sukiasyan (tea and dried fruit production) 6. Haykaz Gasparyan (beekeeping) 7. Vazgen Manukyan (fertilizer production) ...
06/24/2022New greenhouse worth 48 million euros to be built in Gegharkunik province of Armenia
... Infrastructure Development Minister Gnel Sanosyan said that the agricultural land plots are in Lchashen and Varser communities of Sevan region. Their total area is 51.4 hectares. Sanosyan said the sale will raise 22 million drams for the communities’ budgets.... ... the duration of the project is 60 months and some 350-400 temporary jobs will be created during this period. When launched the greenhouse will hire some 400-450 people, 70% of them women. The greenhouse is expected to grow 12 thousand tons of vegetables ...
02/17/2022Surgeon and economist start a new business (video)
... is a new field of activity. Sevak is Yerevan’s chief surgeon, Armen is an economist. They have decided to combine their skills, forces and try themselves in a new field, the press service of ACBA-bank said. Sevak and Armen have built a hydroponic greenhouse on 5000 square meters of land in the village of Hovtashat, Ararat province and have started growing European varieties of tomatoes. The field is completely new to them; therefore, there were many problems and difficulties. From day one ACBA ...
01/21/2022Armenia sees record growth in exports of fresh fruits and vegetables
... Economy Arman Khojoyan, who is overseeing the agricultural sector, said exports of agricultural products by the end of this year are expected to grow to 210,000-215,000 tons. The growth of tomato exports is said to have been contributed by an increase in greenhouse farms. "The export of cucumbers slightly decreased due to the congestion of trucks at Upper Lars checkpoint on the Russian-Georgian border. Some producers have replaced cucumber cultivation with tomatoes or peppers," Khojoyan said....
12/24/2021Roof top photovoltaic systems installed on 40 multi-apartment buildings in Yerevan
... buildings is still ongoing, the procurement processes for the second stage and other organizational issues are being discussed, the Yerevan municipality said. The objective of this project is to reduce the energy consumption and associated emissions of greenhouse gases through supporting application of renewable energy sources and energy efficiency measures in multi-apartment buildings of Yerevan. In the scope of the project support to the multi-apartment building management bodies (condominiums) is ...
10/11/2021City of Roses founded in Aparan
In Aparan, which is rich in sunny days, a city of roses opens on the slope of a mountain. The 2.5-hectare greenhouse grows only fragrant, colorful and unique species of Dutch roses, Acba bank said in a press release. YEREVAN, April 15. /ARKA/. In Aparan, which is rich in sunny days, a city of roses opens on the slope of a mountain. The 2.5-hectare greenhouse ...
04/15/2021UK Minister for European Neighbourhood and the Americas to open new British Embassy in Yerevan
... countries to work together to tackle global challenges such as climate change and Covid-19. “The UK stands ready to help Armenia build back greener following the conflict and the effects of Covid-19. We welcome Armenia’s ambitious commitments to reduce greenhouse gas emissions and look forward to helping Armenia realise its leadership potential in tackling climate change ahead of COP26.” The UK has been pleased to support Armenia’s impressive progress in democratic and economic reforms and combatting ...
02/16/2021Armenia plans to extend service life of nuclear power plant after 2026
... confirmed by relevant studies, the government will operate the facility at least until 2036, which is expected to require additional investments of $150 million. In addition, the nuclear power plant in the system is instrumental in terms of cutting greenhouse gas emissions as much as possible compared to other scenarios, which is in line with the government's long-term goals. The government is also considering the option of building a replacement power unit on the platform of the existing nuclear ...
01/14/2021Pashinyan: Armenia’s strawberry-blackberry-currant exports grow 166% in Jan-July 2020 to $5.5 million
... strawberry-blackberry-currant commodity group from Armenia increased by 166%: products worth $ 5.5 million were exported,” he wrote on his Facebook page. The prime minister noted that an important subtlety is that the exported products are mainly produced in greenhouses. “In other words, on the one hand, we are dealing with the development of greenhouse farms, and on the other hand, the crop produced there does not depend on weather conditions and, as I had a reason to say, here the economic entity does ...
09/14/2020$18.7-million climate change adaptation project of to be implemented in Armenia
... energy-efficient stoves in the country, the project will increase awareness of the affordable heating stove options available to people living in rural areas, which can lead to savings for private households, as well as public benefits, such as reduced greenhouse gas emissions,” said FAO’s Jacopo Monzini, leader of the GCF project formulation team. Involving multiple stakeholders is a key focus of the project. Climate change threatens over 15 percent of Armenia’s higher plant species with extinction....
08/19/2020Pashinyan presents Armenia’s stance on Karabakh conflict settlement after escalation of tension in Tavush
... one was in serious condition), 4 soldiers were killed and 6 cars were damaged. As a result of shelling of peaceful settlements in Tavush, 24 houses, a brandy factory and a winery, a kindergarten, a cemetery, 4 cars, a water main, a gas pipeline and a greenhouse were damaged, as well as a police checkpoint, in which 2 police officers were injured. In addition, one civilian was also wounded. Azerbaijan officially confirmed the death of 11 servicemen, the Armenian side reported the death of at least ...
07/23/2020Tavush province’s damage from Azerbaijan’s attacks estimated at AMD 150 million
... one was in serious condition), 4 soldiers were killed and 6 cars were damaged. As a result of shelling of peaceful settlements in Tavush, 24 houses, a brandy factory and a winery, a kindergarten, a cemetery, 4 cars, a water main, a gas pipeline and a greenhouse were damaged, as well as a police checkpoint, in which 2 police officers were injured. In addition, one civilian was also wounded. Azerbaijan officially confirmed the death of 11 servicemen, the Armenian side reported the death of at least ...
07/23/2020Mnatsakanyan calls on Azerbaijani leadership to refrain from bellicose statements
... one was in serious condition), 4 soldiers were killed and 6 cars were damaged. As a result of shelling of peaceful settlements in Tavush, 24 houses, a brandy factory and a winery, a kindergarten, a cemetery, 4 cars, a water main, a gas pipeline and a greenhouse were damaged, as well as a police checkpoint, in which 2 police officers were injured. In addition, one civilian was also wounded. Azerbaijan officially confirmed the death of 11 servicemen, the Armenian side reported the death of at least ...
07/23/2020Things relatively calm on Armenia-Azerbaijan border – defense ministry
... one was in serious condition), 4 soldiers were killed and 6 cars were damaged. As a result of shelling of peaceful settlements in Tavush, 24 houses, a brandy factory and a winery, a kindergarten, a cemetery, 4 cars, a water main, a gas pipeline and a greenhouse were damaged, as well as a police checkpoint, in which 2 police officers were injured. In addition, one civilian was also wounded. Azerbaijan officially confirmed the death of 11 servicemen, the Armenian side reported the death of at least ...
07/23/2020It was Azerbaijan who started fighting on border – Armenian foreign minister presents evidence
... one was in serious condition), 4 soldiers were killed and 6 cars were damaged. As a result of shelling of peaceful settlements in Tavush, 24 houses, a brandy factory and a winery, a kindergarten, a cemetery, 4 cars, a water main, a gas pipeline and a greenhouse were damaged, as well as a police checkpoint, in which 2 police officers were injured. In addition, one civilian was also wounded. Azerbaijan officially confirmed the death of 11 servicemen, the Armenian side reported the death of at least ...
07/22/2020Russian foreign minister discusses stabilization of situation on Armenia-Azerbaijan border with two countries’ ambassadors
... one was in serious condition), 4 soldiers were killed and 6 cars were damaged. As a result of shelling of peaceful settlements in Tavush, 24 houses, a brandy factory and a winery, a kindergarten, a cemetery, 4 cars, a water main, a gas pipeline and a greenhouse were damaged, as well as a police checkpoint, in which 2 police officers were injured. In addition, one civilian was also wounded. Azerbaijan officially confirmed the death of 11 servicemen, the Armenian side reported the death of at least ...
07/22/2020Relative calm on Armenian-Azerbaijani border after yesterday’s raid
... one was in serious condition), 4 soldiers were killed and 6 cars were damaged. As a result of shelling of peaceful settlements in Tavush, 24 houses, a brandy factory and a winery, a kindergarten, a cemetery, 4 cars, a water main, a gas pipeline and a greenhouse were damaged, as well as a police checkpoint, in which 2 police officers were injured. In addition, one civilian was also wounded. Azerbaijan officially confirmed the death of 11 servicemen, the Armenian side reported the death of at least ...
07/22/2020Situation on Armenia-Azerbaijan border remains relatively calm – defense ministry
... one was in serious condition), 4 soldiers were killed and 6 cars were damaged. As a result of shelling of peaceful settlements in Tavush, 24 houses, a brandy factory and a winery, a kindergarten, a cemetery, 4 cars, a water main, a gas pipeline and a greenhouse were damaged, as well as a police checkpoint, in which 2 police officers were injured. In addition, one civilian was also wounded. Azerbaijan officially confirmed the death of 11 servicemen, the Armenian side reported the death of at least ...
07/21/2020Baku’s bellicose statements have shown that Azerbaijani people should prepare their authorities for peace
... one was in serious condition), 4 soldiers were killed and 6 cars were damaged. As a result of shelling of peaceful settlements in Tavush, 24 houses, a brandy factory and a winery, a kindergarten, a cemetery, 4 cars, a water main, a gas pipeline and a greenhouse were damaged, as well as a police checkpoint, in which 2 police officers were injured. In addition, one civilian was also wounded. Azerbaijan officially confirmed the death of 11 servicemen, the Armenian side reported the death of at least ...
07/20/2020Development program launched in Tavush province - governor
... one was in serious condition), 4 soldiers were killed and 6 cars were damaged. As a result of shelling of peaceful settlements in Tavush, 24 houses, a brandy factory and a winery, a kindergarten, a cemetery, 4 cars, a water main, a gas pipeline and a greenhouse were damaged, as well as a police checkpoint, in which 2 police officers were injured. In addition, one civilian was also wounded. Azerbaijan officially confirmed the death of 11 servicemen, the Armenian side reported the death of at least ...
07/20/2020Things on Armenia-Azerbaijan border relatively calm – defense ministry
... one was in serious condition), 4 soldiers were killed and 6 cars were damaged. As a result of shelling of peaceful settlements in Tavush, 24 houses, a brandy factory and a winery, a kindergarten, a cemetery, 4 cars, a water main, a gas pipeline and a greenhouse were damaged, as well as a police checkpoint, in which 2 police officers were injured. In addition, one civilian was also wounded. Azerbaijan officially confirmed the death of 11 servicemen, the Armenian side reported the death of at least ...
07/20/2020Azerbaijan retains enough forces on the borders to carry out provocations - Armenian defense ministry
... one was in serious condition), 4 soldiers were killed and 6 cars were damaged. As a result of shelling of peaceful settlements in Tavush, 24 houses, a brandy factory and a winery, a kindergarten, a cemetery, 4 cars, a water main, a gas pipeline and a greenhouse were damaged, as well as a police checkpoint, in which 2 police officers were injured. In addition, one civilian was also wounded. Azerbaijan officially confirmed the death of 11 servicemen, the Armenian side reported the death of at least ...
07/18/2020Things on Armenia-Azerbaijan border relatively stable
... one was in serious condition), 4 soldiers were killed and 6 cars were damaged. As a result of shelling of peaceful settlements in Tavush, 24 houses, a brandy factory and a winery, a kindergarten, a cemetery, 4 cars, a water main, a gas pipeline and a greenhouse were damaged, as well as a police checkpoint, in which 2 police officers were injured. In addition, one civilian was also wounded. Azerbaijan officially confirmed the death of 11 servicemen, and the Armenian side reported the death of at least ...
07/17/2020Putin discusses at video conference with permanent members of Russia’s Security Council escalation of tension on Armenia-Azerbaijan border
... one was in serious condition), 4 soldiers were killed and 6 cars were damaged. As a result of shelling of peaceful settlements in Tavush, 24 houses, a brandy factory and a winery, a kindergarten, a cemetery, 4 cars, a water main, a gas pipeline and a greenhouse were damaged, as well as a police checkpoint, in which 2 police officers were injured. In addition, one civilian was also wounded. Azerbaijan officially confirmed the death of 11 servicemen, the Armenian side reported the death of at least ...
07/17/2020Any attempt to resolve Karabakh problem by force undermines peace negotiations – Armenian foreign ministry
... one was in serious condition), 4 soldiers were killed and 6 cars were damaged. As a result of shelling of peaceful settlements in Tavush, 24 houses, a brandy factory and a winery, a kindergarten, a cemetery, 4 cars, a water main, a gas pipeline and a greenhouse were damaged, as well as a police checkpoint, in which 2 police officers were injured. In addition, one civilian was also wounded. Azerbaijan officially confirmed the death of 11 servicemen, the Armenian side reported the death of at least ...
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