ArmInfo. Within the framework of the program "Development of Organic Agriculture", which is implemented by ACBA-Credit Agricole Bank together with the association of Nature and Biodiversity Conservation Union (NABU), organic teas of the Armenian Mountain Tea company are already presented on the online site and in the TeeGschwendner stores.
According to the press service of the bank, this year, as a result of negotiations at the BIOFACH organic products exhibition in Nunberg, a new agreement was reached to increase the supply of this product to the German market. According to the report, the program "Development of Organic Agriculture" has been launched since 2015. As a result of the previously announced competition, companies, farmers and agriculture recognized by the winners with the financial assistance of the Bank and NABU are given the opportunity to receive certificates for the production of organic products and to increase export prospects many times over.
To note, ACBA-Credit Agricole Bank CJSC has been operating in Armenia since 1995. The majority shareholders of the bank as of January 1, 2019 are: Joint-Stock Company SJSC "Sacam International" (member of the Credit Agricole S.A) - 6.48%, "ACBA Federation" CJSC - 93.52%.