Deputy Minister of Agriculture Robert Makaryan and General Director of "ACBA Leasing" CJSC Arsen Bazikyan today signed a Memorandum of Understanding "for cooperation to ensure the implementation of state support" project leasing, leasing of agricultural equipment in Armenia.
"Now we are negotiating with other organizations in order to increase the number of financial institutions involved in this project. The market is open, and the more suppliers and financial institutions, the more available the agricultural equipment will be for our cooperatives and farmers, "said Deputy Minister of Agriculture Robert Makaryan.
General Director of "ACBA Leasing" Arsen Bazikyan said that this memorandum will enable farmers to buy agricultural machinery with good prices and will provide the basis for expanding their business.
"The first farmers can contact us, we will try to respond to all requests efficiently," he added.
Within the program, businesses can purchase different types of machinery. Terms: 20% deposit, 2% lease interest rate and repayment period is 3-10 years, depending on the type of equipment.

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