ABOUT $2, 5 MILLION ALLOCATED FOR ASSISTANCE PROGRAMS TO SMALL AND MEDIUM BUSINESS IN NKR IN 2007

DeFacto Agency, Armenia
May 3 2007

Current year leasing services are to be included in the frames of
state programs targeted at rendering assistance to small and medium
business in the Nagorno-Karabagh.

It will, in part, refer to purchasing agricultural equipment, IA
REGNUM reports. To note, 50 million drams (about $ 140 thousand)
are provided for that purpose via leasing system.

According to the data of Artsakh Development Agency, as a whole
890,533 millions drams ($2, 5 millions) will be allocated for the
implementation of state assistance program in 2007; 800 millions will
be allocated from the state budget of 2007.

Considerable works are to be carried out within the frames of the
programs targeted at stimulating export. Brochures, business offers
are to be prepared for possible investors. The most part of the
means allocated for the implementation of state assistance programs –
about 796 millions drams – will be targeted at crediting. The sums’
considerable part has been earmarked for agriculture. The branch of
processing agricultural raw materials will be underlined. 370 millions
drams have been earmarked to credit the sphere.