Agricultural engineering from Belarus to be imported to Armenia.

On January 27, RA Secretary for National Security Council Arthur Baghdasaryan received Director General of "Promagroleazing" company Pavel Krupnov.

The company is a national leasing operator of agricultural engineering in Belarus. Based on results of the rating drawn up by the Belarusian Union of Leasing Companies, in 2010 "Promagroleasing" ranked first among Belarusian leasing companies according to basic indicators such as volume of new business, leasing portfolio and leasing payments.

As a result of the negotiations, a protocol on intentions was signed between the Ministry of Agriculture of Armenia and "Promagrolizing" company. The parties agreed to set up a joint venture as a result of cooperation of "Promagroleazing" company and another company subordinated to the Ministry of Agriculture. The latter will organize the import of the Belarusian agricultural engineering to Armenia. A service center will also be set up, which will offer a package of complex services.

According to the initial agreement, the imported agricultural engineering will be provided in leasing system, with 4-5% annual interest rate.