IN ANDRANIK MARGARIAN’S WORDS, POVERTY LEVEL DECREASED BY 20% IN 5 YEARS IN ARMENIA

Noyan Tapan
Oct 31 2006

YEREVAN, OCTOBER 31, NOYAN TAPAN. "Five years ago poverty level was
rather high in Armenia, 50-55%, but after approving the Poverty
Reduction Strategic Program in 2003, the poverty level reached
35%." RA Prime Minister Andranik Margarian said this in his October 31
interview to journalists. In his words, in total, a credit of 8 mln
USD was given to enterprises producing and processing agricultural
products in the past 3-4 years: the average amount of credits given
to small and medium-sized enterprises made 100-250 thousand USD and
to big enterprises 500 thousand USD. M.Margarian said that companies
producing wine and food products, as well as volumes of production and
exports of above mentioned products grow year by year in Armenia. In
the Prime Minister’s words, many producers even do not manage to
satisfy the growing orders of their foreign partners.