Tendency toward increasing volumes of gross agricultural production in Armenia

Tendency toward increasing volumes of gross agricultural production in Armenia

The volume of gross output of agriculture in Armenia in 2015 increased by 11.7% and amounted to 1 trillion 2 billion drams (about $2.04 billion), the Minister of Agriculture Sergo Karapetyan said today at a meeting of the government on the work of the Ministry of Agriculture in 2015

The percentage of the target usage of arable land has increased to 78.8%. In the order established by the government, farmers received loans for under 14% interest, of which 6% are subsidized. The total portfolio of subsidized loans in 2015 amounted to about 15.2 billion drams. 

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