MONEY EQUIVALENT TO 110 MILLION DRAMS ATTRACTED BY SME DEVELOPMENT CENTER IN 2006

Noyan Tapan
Dec 25 2006

YEREVAN, DECEMBER 25, NOYAN TAPAN. In 2006 the Small and Medium
Entrepreneurship Development National Center (SME DNA) of Armenia
attracted assistance equivalent to about 110 million drams (over
261 thousand USD) from international and foreign organizations with
the aim of implementing the 2006 program on state assistance to
SME. This sum exceeds twofold the 2005 index. The center’s Deputy
Executive Director Gegham Petrosian stated this at the December
25 press conference. According to him, for the extension of the
program’s measures, in 2006 the SME DNC developed and implemented
joint programs with Japan’s International Cooperation Agency (JICA),
UNDP, UK DFID, OSCE, and some other organizations. Cooperation woth
some organizations is at the stage of negotiations and development
of programs. In the words of G. Petrosian, it is envisaged to start
their implementation from 2007.