Armenian Ministry of Sport and Youth Affairs is working on implementation of Affordable Cars for Young Families program. The program allows for young families to purchase a car within 5-7 years, with a 20% prepayment at annual interest rate of 12%. The total cost of the car is Euro 15 thousand.As the Deputy Minister of Sport and Youth Affairs Arsen Karamyan told a news conference in Armenia, negotiations with foreign colleagues are held; the name of the company to be involved in the program won’t be announced yet.