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61,967 Armenian Citizens Apply For Deposit Compensation

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  • 61,967 Armenian Citizens Apply For Deposit Compensation

    61,967 ARMENIAN CITIZENS APPLY FOR DEPOSIT COMPENSATION

    Noyan Tapan
    May 22 2006

    YEREVAN, MAY 22, NOYAN TAPAN. The process of filing applications to
    receive compensation for deposits made with the Savingsbank of the
    Armenian Soviet Socialist Republic before June 10, 1993, finished
    on May 12. 61,967 Armenian citizens have applied for compensation,
    presenting 137,481 saving books.

    According to the PR Department of the RA Ministry of Labor and
    Social Issues, the lists of citizens eligible for compensation will
    be published in the third quarter of 2006, after which the payment
    process will start. Prior to it, the database of applicants has to be
    clarified by comparing the family benefit database of the ministry
    with the information in deposit cards of the Savingsbank. To recap,
    only members of the families, which were continuously in various
    social groups to receive a family benefit from July 1, 2005, to
    April 1, 2006, are eligible for compensation. The payment priority
    is determined based on a social group.
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