YEREVAN. – Industrial agriculture, which includes agricultural branches that require large capital investments, is forming in Armenia, said consulting service director Tigran Jrbashyan, during a press conference on Tuesday. 

He stated that the aforesaid refers to large horticultural farms, greenhouses, and pisciculture.  

Jrbashyan noted that as a result of a research that was conducted in forty countries in CIS and Eastern Europe, it was found out that Armenia has the largest share of agriculture in the country’s GDP, with 19-20 percent.

But, as per the expert, Armenia has serious problems in terms of productivity.

“This [i.e., the industrial agriculture] sector represents a great demand for loans. [And] the productivity growth brings forth a need for large capital investments,” Tigran Jrbashyan concluded.