AS PART OF "COMPETITIVE PRIVATE SECTOR IN ARMENIA" 17,000 JOBS TO BE CREATED

Armenpress

YEREVAN, AUGUST 3, ARMENPRESS: With the financing of the USAID
"Competitive Private Sector in Armenia" program, costing 14 million
USD, will have been implemented in Armenia by 2008. In case of
necessity the program will be prolonged for another two years.

Within the framework of the program an informational and technical
support is being shown to the local companies and experience is being
exchanged with foreign experts. In case of necessity grants will be
provided to the companies.

Starting from 2005 the program has been focused on information
technology and tourism spheres. In the near future the third sphere
will be selected.

Armine Israelian, an expert of the program, said that the goal of the
program is to ensure 100 percent growth in the sphere of employment
as well as to ensure growth of productivity which will promote the
increase of salaries and the level of livelihood of the population.

Within the framework of the program 17,000 jobs are expected to be
created in Armenia by 2008.