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Armenian Government Approves 2009 SME State Assistance Program

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  • Armenian Government Approves 2009 SME State Assistance Program

    ARMENIAN GOVERNMENT APPROVES 2009 SME STATE ASSISTANCE PROGRAM

    Noyan Tapan
    http://www.nt.am?shownews=1010476
    Dec 11, 2008

    YEREVAN, DECEMBER 11, NOYAN TAPAN. At the December 11 sitting, the
    Armenian government approved the 2009 Program of State Assistance to
    the Small and Medium Entrepreneurship (SME). The decision was made
    in accordance with the requirements of Article 4 of the RA Law on
    State Assistance to Small and Medium Entrepreneurship.

    It was mentioned at the sitting that SME state assistance programs
    are based on the fundamental principles of the economic policy
    adopted by the Republic of Armenia and help develop the economy
    of the country, especially its remote and border settlements, and
    overcome the disproportions, which are the strategic and priority
    directions of the RA government's economic policy. The main goal of
    the program is to contribute, through continuous assistance, to the
    gradual increase of the role of SME. Among the program's goals are
    also the creation and strengthening of infrastructures for assistance
    to SME; the expansion of financial and investment opportunities of
    SME, while giving preference to SME entities operating in remote and
    border settlements; the expansion of opportunities to use instructive,
    information and advisory services, as well as to engage in business
    for start-up businessmen, noncompetitive groups in the labor market
    (especially for persons with limited capacities); and reduction of
    the unemployment in Armenia through job creation and retention of
    existing jobs.

    According to the RA Government Information and PR Department, the
    prime minister Tigran Sargsyan said the indicated program will be
    one of Armenia's priorities in 2009, while the promotion of small
    and medium business is one of the most important anticrisis elements.
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