PROVISION OF HOUSES TO YOUNG FAMILIES WILL REMAIN PRIORITY FOR THE GOVERNMENT OF ARMENIA IN 2010 – PRIME MINISTER

ARKA
December 25, 2009
Yerevan

YEREVAN, December 25. /ARKA/. "The issue of provision of houses to
young families will remain priority for the Government of Armenia in
2010", said Tigran Sargsyan, Prime Minister of Armenia.

"Yesterday in the meeting of the government relevant conception
developed by the Ministry of Finance of Armenia and Central Bank of
Armenia was approved", he said. From the first quarter of 2010 a new
fund will operate in Armenia which will provide available and cheap
credits to young families. Charter capital of the new fund will make
3 billion drams.

Activities of the fund will allow young families to take credits for
15 years and in the amount of about 16 million drams. "Conception of
the activities of the fund will be approved in the nearest meeting of
the government", said Sargsyan. Second direction of the activities
of the fund will be provision of houses in the frames of the fund
with charter capital of about 12 billion drams.

"We will give long-term credits to young families and I hope that in
2010 young families will use this opportunity. It is very important
responsibility of the government and the President of Armenia",
said Sargsyan. G.K.