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Agriculture & Food Industry

publié le jeudi 24 décembre 2009

OPEC TO PROMOTE AGRICULTURAL DEVELOPMENT IN ARMENIA
/DEC 16/PanARMENIAN.Net/
Armenian Vice Premier Armen Gevorgyan Tuesday met with Head of OPEC (OFID) International Development Fund Jazir Al-Herbish. Present at the meeting was Gagik Matevosyan, Head of "Rural Territories Development Program" at Ministry of Agriculture.
Armenia-OFID cooperation began in 2004. Over 5 years, 4 programs were implemented, mostly in the sphere of gas supply. OFID funding in Armenia comprised USD 30 million. Negotiations are now being held for attracting an additional sum of USD 20 million.
Rural Empowerment Program will be co-funded by OFID and IFAD (International Fund for Agricultural Development). Agreement was achieved for approving the program in March 2010, after discussions between OFISD and IFAD.

YEREVAN BRANDY DISTILLERY TO THROW OPEN ITS DOORS
/DEC 17/Aysor.am/

Card-AgroCredit UCC to increase its credit portfolio in 2010 by 35-40%
/DEC 18/ArmInfo/
The company’s credit portfolio currently makes up 900 million drams.
To recall, Card-AgroCredit UCC, founded by CARD, was registered by the Central Bank of Armenia on June 27, 2008.
  According to the director, the company will lay the main emphasis in crediting in 2010 on carrying out of leasing transactions, in particular, in the line of tractor delivery for agricultural subjects. It is scheduled to purchase the tractors from one of the subsidiaries of CARD - Card-Agroservice, being a representative of an American tractor production company John Deere in Armenia.
  According to the Ranking of Armenia’s credit companies, prepared by the Agency of Rating Marketing Information (ArmInfo), the assets of Card-AgroCredit UCC as of October 1, 2009, made up 946 mln drams ($2.5 mln), the credit portfolio - 771 mln drams ($2 mln) and the total capital - 535 mln drams ($1.4 mln). The company assured an undistributed profit over 9 months of 2009 at the rate of 65.1 mln drams ($169.3 thsd).
  To recall, 27 credit companies are currently functioning in Armenia, 4 of which are leasing companies, 22 - universal credit companies and 1 - Credit Union.
  To note, the CARD Foundation, which has been functioning since April 2005, is continuation of the Marketing Assistance Programme of the US Department of Agriculture (USDA MAP), within the frames of which financial, technical and marketing assistance was provided to over 160 Armenian enterprises in the sphere of agribusiness from 1993 to 2005, as well as to 25 production and commercial cooperatives, 50 Credit clubs and thousand of farm enterprises in all the regions of Armenia.

CARD presents program of mobile mini-slaughter of sheep in early 2010
/DEC 19/PanARMENIAN.Net/
The organization continues to carry out training of veterinarians on artificial insemination of domestic animals. "More than 100 specialists have been retrained, with the use of modern technologies they will be able to artificially inseminate domestic animals in Armenia using frozen seed of high quality bulls imported from the U.S, " he said.
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