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SOME 150-200 START-UP COMPANIES TO RECEIVE FINANCIAL ASSISTANCE FROM GOVERNMENT THIS YEAR
YEREVAN, March 5. / ARKA /. Some 150-200 small and medium-sized
Armenian companies will receive financial assistance from the
government this year under a program the Cabinet has approved today.
First deputy economy minister Garegin Melkonyan said as part of the
program start-up businesses will be eligible to 5 million soft loans
at 10% interest rate repayable in 5 years. He said a similar program
was effective in 2014 as well.
He said the government will also provide loan guarantees of up to 15
million drams repayable in 5 years and also continue training courses
for representatives of SMEs.
According to him, preference will be given to companies operating
outside the capital city. He added that training courses will highlight
this year resource-saving and environmentally friendly technologies.
The program will be carried out by the National Centre for Development
of Small and Medium Business. ($ 1 - 479.05 drams). -0-
http://arka.am/en/news/business/some_150_200_start_up_companies_to_receive_financi al_assistance_from_government_this_year/#sthash.mjGANYVV.dpuf
YEREVAN, March 5. / ARKA /. Some 150-200 small and medium-sized
Armenian companies will receive financial assistance from the
government this year under a program the Cabinet has approved today.
First deputy economy minister Garegin Melkonyan said as part of the
program start-up businesses will be eligible to 5 million soft loans
at 10% interest rate repayable in 5 years. He said a similar program
was effective in 2014 as well.
He said the government will also provide loan guarantees of up to 15
million drams repayable in 5 years and also continue training courses
for representatives of SMEs.
According to him, preference will be given to companies operating
outside the capital city. He added that training courses will highlight
this year resource-saving and environmentally friendly technologies.
The program will be carried out by the National Centre for Development
of Small and Medium Business. ($ 1 - 479.05 drams). -0-
http://arka.am/en/news/business/some_150_200_start_up_companies_to_receive_financi al_assistance_from_government_this_year/#sthash.mjGANYVV.dpuf