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Armenian IT field to receive $24 million loans
news.am
July 01, 2012 | 00:12
YEREVAN. - The World Bank (WB) will grant $24 million loans to use it
for the Armenian IT field, Armenian Minister of Economy Tigran Davtyan
said at a meeting in Armenian City of Aghveran. The loan has already
been confirmed by the WB.
According to the Minister, it is the second loan for the IT field. The
first loan in the amount of $5 million has mainly served for the
establishment of the Enterprise Incubator Foundation.
Davtyan also presented other sources of financing, except for loans.
The field received $80 million annually from exhibitions, information
materials, conference organization and participation.
Besides, over $170 million is granted to Gyumri city techno-park.
Moreover, tourism and IT get direct investments from the state
budget.USAID also makes investments.
news.am
July 01, 2012 | 00:12
YEREVAN. - The World Bank (WB) will grant $24 million loans to use it
for the Armenian IT field, Armenian Minister of Economy Tigran Davtyan
said at a meeting in Armenian City of Aghveran. The loan has already
been confirmed by the WB.
According to the Minister, it is the second loan for the IT field. The
first loan in the amount of $5 million has mainly served for the
establishment of the Enterprise Incubator Foundation.
Davtyan also presented other sources of financing, except for loans.
The field received $80 million annually from exhibitions, information
materials, conference organization and participation.
Besides, over $170 million is granted to Gyumri city techno-park.
Moreover, tourism and IT get direct investments from the state
budget.USAID also makes investments.