Home | News & Events | Entrepreneur + State Anti-Crisis Investments non-public, closed-end, specialized, contractual investment fund approved its first investment project

Entrepreneur + State Anti-Crisis Investments non-public, closed-end, specialized, contractual investment fund approved its first investment project

01/03/2021

“Entrepreneur + State Anti-Crisis Investments Manager” CJSC’s “Entrepreneur + State Anti-Crisis Investments” non-public, closed-end, specialized, contractual investment fund approved its first investment project in February of this year.

The investment project is implemented jointly with “Yeremyan Projects” group and is aimed at ensuring the feedstock supply process for its livestock farm, located in Vayots Dzor marz, Armenia.  After the war in Artsakh, the company was no longer able to purchase the feedstock from the territory of Artsakh Republic. Moreover, given the quality characteristics of the local feedstock and in order to ensure the continuity of supply chain, “Yeremyan Projects” made a decision to embark on this project.

The project includes the acquisition of 225 hectares of land plot and appropriate equipment for growing high-quality feedstock in Armavir marz, Armenia. The implementation of this project will have a huge beneficial impact on the supply chain of the group and will contribute to ensuring the continuity and stability of operations and further development of a number of business projects owned by “Yeremyan Projects”, as well as allow to control the price increases for the end-consumer.

“As one of the most dynamic and fast-growing companies in Armenia, “Yeremyan Projects” has years of experience in hospitality and related sectors. Every business project initiated by the group brings new culture and has a say in the sphere. I am confident that the jointly implemented investment project will ensure continuity of the successes already achieved by the company, bringing significant benefits to the state” stated Bella Manoukian, Director of “Entrepreneur+State Anti-Crisis Investments Manager” CJSC.

The General Director of “Yeremyan Projects” group Davit Yeremyan particularly stated:

“This project helps us complete the “from seed to table” concept adopted by our company. We grow the feedstock, which is further processed in the feed processing room and supplied to the animal farm. The meat and dairy products are transported from farms to “Artsakh” kitchen-factory in Yerevan, undergoing the necessary processing. Next, those are supplied to restaurants, handed over to our skilled and talented cooks. Thanks to this project, we will be able to cultivate our land plot with relevant equipment and methods, make proper seed selection, ensure the sowing, processing and harvest at the right time and in the right way.  As a result, we will be able to produce high-quality, nutritious, healthy and ecologically clean feedstock. What is more, we will be able to control the quality of dishes at our restaurants, as well as of our dairy and meat products.

The investment size of the project is about AMD 1.1 billion. Investments are made following the “1+1+2” logic: the Partner and the Fund make equal investments, a loan in the amount of the investment made by both parties is taken from a commercial bank. ACBA bank is the commercial bank that finances this particular investment project. As a result of the investment, about AMD 420 million inflow to the state budget in the form of taxes is expected.

Thanks to the project, it has become possible to attract the best technology and specialists from abroad, who will introduce a new approach and culture in the feedstock growing business in Armenia, thus, defining a high benchmark in the field. The indirect effects of the project will include ensuring the foreseeable amount of the harvest, price stability, creation of new jobs, import substitution, increase of tax revenues for the state.

 

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“Entrepreneur + State Anti-Crisis Investments Manager” CJSC’s “Entrepreneur + State Anti-Crisis Investments” non-public, closed-end, specialized, contractual investment fund was created with a purpose to help mitigate the long-term impact of COVID-19 on the country’s economy.

The aim of the newly registered Fund is to promote the inflow of private capital into the economy of Armenia, to ensure its long-term and sustainable growth by attracting private capital, which would have otherwise shied away from investing during a time of prolonged uncertainty, triggered by COVID-19.

The Armenian Government will allocate up to AMD 50 billion, roughly $100 million, to the Fund.

The Fund’s participation in one commercial organization or affiliated companies shall be equal to at least USD 0.5 million and maximum USD 4 million.

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Established by restaurateur Davit Yeremyan, “Yeremyan Projects” is one of the leading brands of the Armenian restaurant business. The philosophy of the brand is summarized in the following slogan: “The work begins from the dream”, as any idea of the company’s new project is born from the dream of preserving the value, creating new and permanent values, presenting Armenia and the city of Yerevan in colorful and diverse ways.

“Yeremyan Projects” unites the most popular Armenian restaurants, including: Burgery, Italian Casa Nostra, Livingston, Lavash and Sherep representing a high cuisine, Smoking Chef steak house, Pandok Yerevan Riverside, Pandok Yerevan and Yerevani Shaurma fast food restaurant chains.

In 2020 the company launched and still continues to implement a new strategy of business development, which is based on the concept “from seed to table”, thus, ensuring a complete and closed cycle. In the scope of this concept, the company established a livestock farm in Vayots Dzor marz, a pig farm in Tavush marz, feed crasher machine in Ararat marz and “Artsakh” factory in Yerevan, where high-quality milk, dairy and meat products produced in the farm are made and marketed under the “Yeremyan Products” trademark.

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