Armenian Government assists developers

PanARMENIAN.Net - In its Thursday session, RA Government adopted a decision on providing AVO construction company with budgetary guarantees in the amount of $ 2 million. The sums allocated in Armenian Drams shall be paid off within 3 years. Payments will be made from Armbusinessbank. Allocated sums will be used for completing the construction of a multi-story building in Yereven (address: Str. Abovyan 25).



During its session, Government of Armenia also made a decision to allow four companies to prolong the terms of the customs regime envisaging "temporary import for processing".



Such decision derives from the logic of Government's anti-crisis program, Prime Minister Tugran Sargsyan said, adding that the Government had rejected another company's request because of the latter's negligent work.



Meeting half- way the request of Agarak copper-molybdenum factory CJCS, Government introduced amendments to the decision "On Allocating Budgetary Credits to Mining Companies" (dated June 26).