PROGRAM ON FOUNDATION OF GORIS BUSINESS INCUBATOR TO COST 4 MILLION EUROS

Noyan Tapan
Mar 20 2007

YEREVAN, MARCH 20, NOYAN TAPAN. "Armenia’s Small and Medium
Entrepreneurship Development National Center (SME DNC) and the OSCE
Yerevan Office are taking steps to raise 4 million euros necessary
for foundation of a business incubator in the city of Goris. The
OSCE Yerevan Office Head, Ambassador Vladimir Pryakhin stated this
at the March 20 press conference after the signing of the mutual
understanding and cooperation memorandum with the SME DNC.

In his words, the indicated sum is envisaged for the first 4 years of
implementation of the Goris business incubator program. He expressed a
hope that "this year we will already start implementing this program."

The SME DNC Director Ishkhan Karapetian in his turn noted that it is
also planned to found a business incubator in the city of Gyumri. Each
of these bodies will service 15-20 SME subjects.