AMD 1.3 BILLION RELEASED BY GOVERNMENT TO FINANCE 21 SMES LOAN APPLICATIONS
/ARKA/
July 23, 2012
YEREVAN
YEREVAN, July 23. /ARKA/. Some 1.3 billion drams were released by the
government in the first six months of the year to finance 21 loan
applications as part of a government-designed program to guarantee
lending to small and medium enterprises, economy minister Tigran
Davtyan told a news conference today.
According to him, in January-June this year the government considered
and approved 4,435 applications from SMEs on technical and financial
assistance. The minister emphasized that 93.5% of businesses that
received assistance in 2012 operated outside Yerevan.
The government program is handled by the government-affiliated National
Centre for Development of Small and Medium Enterprises founded in 2002
and overseen by the Board of Trustees chaired by economy ministe.
From: Emil Lazarian | Ararat NewsPress
Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
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