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Sme Development National Center Ready To Help Syrian Armenians To Se

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  • Sme Development National Center Ready To Help Syrian Armenians To Se

    SME DEVELOPMENT NATIONAL CENTER READY TO HELP SYRIAN ARMENIANS TO SET UP BUSINESS IN ARMENIA

    YEREVAN, November 21. /ARKA/.The National center for small and
    medium-sized business development is ready to allocate information and
    financial assistance to the Syrian Armenians, who are willing to set
    up business in Armenia, a director of the Center Varazdat Karapetyan
    said Wednesday.

    "Our center is implementing a number of programs, and the Syrian
    Armenians can get involved," he said at the meeting between the Syrian
    Armenians looking for employment in Armenia and entrepreneurs. The
    meeting was initiated by the Ministry of Diaspora.

    According to Karapetyan, the Syrian Armenians can participate in "
    Assistance to business beginners" program to pass a 1.5-month training
    on Armenian market and business environment.

    "At the second stage of the program we offer to the participants
    preferential loans of up to 3 million drams at 10% annual interest
    rate for setting up business. If we gather 20 people we can summon
    a group and start immediately," he noted.

    The Center director also said the existing large enterprises can
    also enjoy the supporting program. In the framework of the program,
    the organization appears as an up to 15-million-dram loan guarantor.

    The National center for small and medium-sized business development
    was established in Armenia in 2002 in accordance with the government's
    decision. The main ruling body of the center is a Board of Trustees
    headed by Economy Minister of Armenia. Annually, the center serves
    nearly 300 entrepreneurs; 5,000 businessmen annually use its
    information database.

    During the meeting the Economy Ministry representatives presented
    to the Syrian Armenians the privileges for setting up business in
    Armenia within the free economic zones.

    According to Ministry of Diaspora, at present about 3,000 Syrian
    Armenians residing in Armenia are looking for a job, of them nearly
    160 are already employed.

    Syrian Armenian community is among most powerful Armenian communities
    in the world. Most of the Syrian Armenians live in Aleppo (more than
    60,000 people), Damascus, Latakia and other cities. The aggravated
    political and military situation made Armenians start leaving for their
    historical homeland. According to the most recent data, at present,
    there are nearly 5,000 Syrian Armenians residing in Armenia.

    ($1 - 407.09 drams). -0-

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