GOVERNMENT TO CONTINUE SUBSIDIZING ENTERPRISES AND PRIVATE ENTREPRENEURS IN MARZES
Hasmik Dilanyan

"Radiolur"
04.06.2009 17:02

The issue of resisting the global financial-economic crisis was again
on the agenda of today’s sitting of the Armenian Government. The
Government decided to expand the subsidization of loan to enterprises
and private entrepreneurs in rural communities.

According to RA Minister of f Finance Tigran Davtyan, the Government
has started implementing a pilot program from March of the current
year. Tens of loans have been provided to most vulnerable communities
in Shirak and Gegharkunik marzes. The Government subsidizes the loans
by covering 10% of the loans. Now the executive body confirms its
willingness to continue the program, involving a number of new regions.

According to Tigran Davtyan, this program will not only greatly
benefit the enterprises and private entrepreneurs in rural regions,
but will also expand the number of creditor.