During the March 10 sitting of the Armenian government, Minister of Finance Vache Gabrielyan said that the ministry has already allocated 60 loans at the total amount of AMD 70mln to facilitate customs clearance of imported cars.

Prime Minister Tigran Sargsyan noted for his part that already 1,800 applications have been submitted for obtaining a lax credit. He added that their number will continue growing.

The lax loans are provided to citizens for a six-month term. The loans can be obtained by persons importing up to 10 passenger vehicles produced before 2005, with customs value up to AMD 5mln.