USAID/CAPS program completes its activity in Armenia

February 25, 2011 - 17:28 AMT

PanARMENIAN.Net - The USAID Competitive Armenian Private Sector Project summarized the results of its activity in Armenia.

Director of CAPS Artak Ghazaryan said that the program operated in Armenia from 2006 to 2011, while the total financing of the program amounted to USD 14mln.

“The results are rather significant. 500 companies used the program, and we assisted them in introducing international management standards, what will allow increasing their opportunities and obtaining additional financing,” Ghazaryan told journalists.

According to him, the program aimed to increase competitiveness in various fields, such as IT and tourism.

Ghazaryan said that concepts for IT field development were approved and other programs were implemented through the efforts of CAPS; besides, a concept for tourism development, specifically in Jermuk, was adopted.

Ghazaryan added that there are positive results in GMP standards introduction in the pharmaceutical field, while local producers of medicines have attracted additional investments to increase production capacities and export

 Top stories
Armenia dismisses Turkey’s demand to shut down nuclear plant as “inappropriate”Armenia dismisses Turkey’s demand to shut down nuclear plant as “inappropriate”
Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”.
Armenia to loan AMD 2.9 billion to KarabakhArmenia to loan AMD 2.9 billion to Karabakh
Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision.
Azerbaijan opposes Armenia’s plans to build new metallurgical plantAzerbaijan opposes Armenia’s plans to build new metallurgical plant
The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision.
Armenia attracts record amount of foreign direct investments, says MinisterArmenia attracts record amount of foreign direct investments, says Minister
Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.
Partner news
 Articles
4 rules for business success

An ultimate guide

 Most popular in the section
Armenia's international reserves grew by 8.9% in 2022
IDBank to participate in Career City Fest 2023
Armenia-Iran trade grew 45% in January-October – official
Shell already in Armenia: First fuel stations put into operation
Home
All news
Overview: Economy
Archive for February 25, 2011
Other news in this section
 Latest news
Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28.
Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia.
Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports.
Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.
---