ARMINFO News Agency, Armenia
 Friday



14 investment projects from Armenian regions have already received funding

 Yerevan August 11

Naira Badalyan. As of August 10 of the 170 programs submitted to the
Ministry of Territorial Administration and Development of Armenia,
which is responsible for the adoption of regional investment projects,
14 are financed. Earlier, the Armenian government has discussed 108 of
them, 58 approved. As the press-service agency, at this point we have
already been approved and financed 14 investment projects of Lori,
Gegharkunik, Tavush, Aragatsotn, Armavir, Vayots Dzor, Kotayk region
of Armenia. Received funding for the program concerned, in particular,
the development of livestock (community Ayrum, Lori region),
production of canned products (Vanadzor, Lori and community Koti,
Tavush region), cheeses (the city of Sevan, Gegharkunik), goat cheese
(Gohtanik, Vayots Dzor) dried fruit (Yeghegnadzor, Vayots dzor),
breeding chinchillas (Vardenis, Gegharkunik region), growing
strawberries multiple (Ijevan, Tavush and community Aytah Armavir
region), the creation of grape / peach orchards (Karakert community
Armaviskoy area), and development Horticulture (Hrazdan, Kotayk),
expansion of tourism opportunities GHB community, Vayots Dzor region,
the creation of production of metal goods (northern communities of
Ashtarak, Aragatsotn region), restart the refrigeration sector
(community acyclic, Armavir).

"The process of receiving applications continues. The programs, in
particular concern the scope of the processing of agricultural
products, tourism, mining, construction and hydro-electric plants,
livestock, creating a machine and tractor stations and the development
of light industry." said the agency. Earlier, the Minister of
Territorial Administration and Development of Armenia David Lokyan
stated at a meeting with journalists that for further financing of the
projects, a special platform was created in the Central Bank of
Armenia, which began to study their economic efficiency. "Only after
that, it will be possible to finance programs through the relevant
banks.In addition, the business will be given the opportunity to
obtain loans at lower interest rates and on preferential terms," the
minister assured.