Armenian govt. fulfills 4000 SME applications in half year

Armenian govt. fulfills 4000 SME applications in half year

PanARMENIAN.Net - In the first half of 2012, Armenian government fulfilled over 4000 applications of small and medium enterprise (SMEs) representatives in the framework of programs extending state assistance, Economy Minister said.

As Tigran Davtyan told a press conference, 93% of the assistance provided was aimed to provincial businesses, and only 7% to Yerevan-based ones.

“We give preference to provincial companies and implement a balanced development-oriented program,” he said.

In this context, Minister Davtyan said that 21 SMEs received AMD 1,3 bln direct funding in the first half of 2012.

 Top stories
Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”.
Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision.
The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision.
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
---