Government launches 19th economic relief program

15:12,

YEREVAN, MAY 27, ARMENPRESS. The Government of Armenia approved the 19th relief program aimed at eliminating the economic consequences of the coronavirus pandemic.

Speaking at the Cabinet meeting, Economy Minister Tigran Khachatryan said the program is aimed at contributing to the realization of entrepreneurial ideas on launching businesses from scratch and innovative development of business programs by expanding entrepreneurial knowledge and increasing financial accessibility.

75% of the financial resources for the project is allocated for an 8-year repayment period without interest rate, and the 25% as grants.

Editing and Translating by Stepan Kocharyan

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Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS