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2005 draft budget earmarks 563m drams for business dev. program

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  • 2005 draft budget earmarks 563m drams for business dev. program

    ArmenPress
    Nov 29 2004

    2005 DRAFT BUDGET EARMARKS 563 MILLION DRAMS FOR BUSINESS DEVELOPMENT
    PROGRAM

    YEREVAN, NOVEMBER 29, ARMENPRESS: The 2005 draft budget has
    earmarked 563 million drams for Armenian trade and economy
    development ministry to implement a string of projects to promote
    trade and economy development.
    Trade and economic development minister Karen Chshmaritian told
    Friday that the bulk of that money, 300 million drams (a 50 million
    increase over 2004), will be directed for carrying out a
    government-development plan of actions to boost small and
    medium-sized businesses. He said part of that money will be used also
    to finalize the process of establishment of regional branches of the
    Center for Development of Small and Medium-Sized Business.
    The government program for tourism development will receive 20
    million drams, as much as in 2004. The minister said the government
    expects the assistance of international organizations to tourism
    development program. Also 156 million will be allocated for a
    government program for regulation and maintenance of standardization
    and measurement norms.
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