14/02/2013 14:24
Enterprises to be co-financed with government assistance
The state is taking the first step: it is the first time that state budget resources will be allocated to enterprises on a co-financing principle, in the form of credit assistance, Minister of Economy Tigran Davtian said about the industrial assistance programs today.
The Industrial Development Fund has already been established, its first sitting being held recently.
According to the minister, the Fund has capital of about 500 million AMD and will finance those enterprise that aim to enter new markets. The credit resources will be subsidized by the Universal Credit Organization at the Ministry of Economy.
Tigran Davtian said that 5-6 large projects will be implemented this year.