GOVERNMENT UPHOLDS ASSISTANCE TO SMALL AND MEDIUM-SIZED BUSINESSES
Hasmik Dilanyan

"Radiolur"
19.02.2009 15:28

The Government convened its recurrent sitting today and made the
recurrent allocation to small and medium-sized businesses to overcome
the global financial-economic crisis. Thus, 125 million AMD was
assigned to "FORSIO" Company representing the sphere of information
technologies. According to another decision, the Government will assign
$10 million state loan to Zangezur Copper and Molybdenum Combine.

The Government also fixed the date for the elections of the Yerevan
Mayor.

It was scheduled for May 31. 183 million AMD has been allocated
of expenses.

Prime Minister Tigran Sargsyan turned to the activity of the
National Competitiveness Council of Armenia. The private sector
also participates in the programs implemented by the Council. The
Government assigned $20 million for the implementation of one of
those projects – the reconstruction of Tatev Monastry. The program
envisages reconstruction of the Monastery, creation of jobs for the
local population. As a result, Tatev will become a tourism site.

It s planned to construct a ropeway there, which, according to PM
Tigran Sargsyan, is going to be the longest in Armenia. Government
support will be needed for implementation of the program.

According to the Prime Minister, a working group should be established
at the initiative of the Ministry of Urb an Development, which should
cooperate with Syunik Marzpetaran.