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Armenian ministry of economy credit organization to allocate loans
worth 6.6bln drams to SME
YEREVAN, March 1. /ARKA/. SME Investments credit organization of
Armenia's ministry of economy will allocate 6.6bln drams for small and
medium businesses in 2013, head of the ministry's SME development
Armen Yeghanyan said.
Apart from the funds of the organization, about 778mln drams will be
provided by the SME crediting fund and around 150 million drams from
the state budget in 2013, Yeghanyan said.
In 2012, the organization extended loans to some 60 small and medium
enterprises.
This year the government is planning to promote new SME and introduce
new tools to assess production resources in the country's regions and
support production chains, Yeghanyan said,
The head of department also said that three new ideal business models
are expected to be designed, which will allow to create about 30 new
enterprises.
`Last year a pilot project on business models was implemented and one
of its successes was the opening of several dried fruit production
enterprises in
the regions', Yeghanyan said.
According to the ministry of economy, about 98bln drams were allocated
for SME development in Armenia in 2007-2012. There are currently about
60,000 companies in Armenia, 92% of which are small and medium-sized.
($1=409.22drams). -0--
- See more at: http://arka.am/en/news/business/armenian_ministry_of_economy_credit_organization_t o_allocate_loans_worth_6_6bln_drams_to_sme/#sthash.LVkkB42U.dpuf
worth 6.6bln drams to SME
YEREVAN, March 1. /ARKA/. SME Investments credit organization of
Armenia's ministry of economy will allocate 6.6bln drams for small and
medium businesses in 2013, head of the ministry's SME development
Armen Yeghanyan said.
Apart from the funds of the organization, about 778mln drams will be
provided by the SME crediting fund and around 150 million drams from
the state budget in 2013, Yeghanyan said.
In 2012, the organization extended loans to some 60 small and medium
enterprises.
This year the government is planning to promote new SME and introduce
new tools to assess production resources in the country's regions and
support production chains, Yeghanyan said,
The head of department also said that three new ideal business models
are expected to be designed, which will allow to create about 30 new
enterprises.
`Last year a pilot project on business models was implemented and one
of its successes was the opening of several dried fruit production
enterprises in
the regions', Yeghanyan said.
According to the ministry of economy, about 98bln drams were allocated
for SME development in Armenia in 2007-2012. There are currently about
60,000 companies in Armenia, 92% of which are small and medium-sized.
($1=409.22drams). -0--
- See more at: http://arka.am/en/news/business/armenian_ministry_of_economy_credit_organization_t o_allocate_loans_worth_6_6bln_drams_to_sme/#sthash.LVkkB42U.dpuf