RENOVATED BUILDING OF NATIONAL CENTER FOR SMALL AND MEDIUM BUSINESS DEVELOPMENT OPENED IN YEREVAN

Arka News Agency, Armenia
June 5 2006

YEREVAN, June 5. /ARKA/. The renovated building of the RA National
Center of Small and Medium Business has been opened in Yerevan.

Executive Director of the Center Ishkhan Karapetyan reported that
the Center implements programs in all ten regions of Armenia.

“The center is the principal structure implementing the government
policy of small and medium business development,” he said.

According to him, the Center is implementing various programs
of supporting small and medium businesses, holds consultations
for beginners, introduces new technologies and provides credit
guarantees. Karapetyan stressed that the programs are mostly
implemented in Armenia’s regions, particularly in borderline regions.

On December 2, 2004, the RA Government approved a program of small
and medium business facilitation for 2005. A total of AMD 300mln were
allocated for the implementation of the program from the RA state
budget.