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Armenian Government To Keep Backing Promising Enterprises

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  • Armenian Government To Keep Backing Promising Enterprises

    ARMENIAN GOVERNMENT TO KEEP BACKING PROMISING ENTERPRISES

    ARKA
    March 5, 2009

    YEREVAN, March 5. /ARKA/. Armenia's government will keep supporting
    promising and effective enterprises amid the global economic crisis,
    RA Prime Minister Tigran Sargsyan said.

    In the past months, the RA Government held meetings with private
    entrepreneurs to discuss existing problems and hardships, Sargsyan
    said Wednesday during his interview to local TV channels.

    According to the premier, devaluation of the Armenian dram will create
    favorable conditions for local producers and exporters and they will
    start implementing new programs.

    "We have discussed these programs in detail. Devaluation of the
    national currency was not a surprise for them and they must resume
    some of the frozen programs," Sargsyan was quoted saying.

    If hardships, local companies can turn to the RA Government's task
    group and get state support, the prime minister said.

    "We will give priority to those enterprises that are facing temporary
    difficulties, but have large export capacities," Sargsyan said, adding
    the government had backed many such enterprises. "Our allocations
    will be under public control," the premier said, stressing strong
    exporting enterprises with new employment opportunities would be in
    the government's focus.
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