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Agro Min: Year Was Successful for Agriculture

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  • Agro Min: Year Was Successful for Agriculture

    THIS YEAR WAS SUCCESSFUL FOR AGRICULTURE, - RA MINISTER OF AGRICULTURE
    STATES


    YEREVAN, December 30 (Noyan Tapan). The year 2004 has been successful
    for Armenia's agriculture: the gross product growth made 13.2%, while
    the specific weight of agriculture in the RA GDP was 21%. David
    Lokian, the RA Minister of Agriculture, stated this at the December 30
    press conference. According to the minister, the year 2005 will be
    favorable for the sphere of agricultire in terms of investments: in
    particular it is envisaged to carry out the work of 120 million
    dollars within the framework of the Millennium Challenges program (the
    US), as well as to do the work of 200 million dollars by resources
    provided by the Lincy Foundation. It was also noted that under the
    terms of two credit programs implemented in the sphere of agriculture,
    medium-term credits to be given to Armenian farms in 2005 will be
    provided for 1-3 years, while long-term ones - for 7 years. Crediting
    of farms will be implemented through banks, and the interest rate of
    credit resources provided to banks will be reduced almost twice and
    will make 1.5-3%. The minister expressed the view the extension of
    credit repayment term and the reduction of interest rate will
    contribute to updating agricultural equipment and increasing the
    production volume. D. Lokian stated that in 2004, farms were leased
    about 272 units of agricultural equipment, including 36 tractors. 51
    Chinese tractors complete with all necessary farm tools were also sold
    to farms at reduced prices. It was noted that 12 tons of nitric
    fertilizer has been stored. In the spring of 2005, the ferilizer will
    be sold to farms at a discount - 50 kilogrames for 3,700 drams (about
    7 dollars). According to D. Lokian, 3 thousand tons of fertilizer was
    provided to farms this autumn on the same conditions.

    From: Emil Lazarian | Ararat NewsPress
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