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State Credit Of 3.1 Billion Drams To Be Given To Zangezur Copper And

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  • State Credit Of 3.1 Billion Drams To Be Given To Zangezur Copper And

    STATE CREDIT OF 3.1 BILLION DRAMS TO BE GIVEN TO ZANGEZUR COPPER AND MOLYBDENUM ENTERPRISE

    Noyan Tapan
    Feb 19, 2009

    YEREVAN, FEBRUARY 19, NOYAN TAPAN. The Armenian government will
    provide a state credit of 3.1 billion drams to Zangezur Copper and
    Molybdenum Enterprise. The prime minister Tigran Sargsyan said at the
    February 19 sitting of the government that this assistance will help
    the enterprise work at full capacity in the next three years.

    Thanks to the assistance, according to the prime minister, the
    productivity of the enterprise will grow by 30% as it is planned to
    import new equipment for improving the quality of production. Besides,
    another 50 satellite enterprises with a total of 2,000 jobs will be
    ensured that they can keep these jobs.

    The prime minister said that a much more favorable social environment
    will be created in Syunik marz. "This is an unprecedented function
    performed by the government, and it has an entirely anticrisis nature,"
    he underlined.
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