Government to assist small and medium-sized businessesMarch 19, 2009 - 21:06 AMT PanARMENIAN.Net - The Armenian government intends to attract extra funds to support small and medium-sized businesses, RA Prime Minister said. The government will proceed to action upon receipt of $50 loan from the World Bank. "Loans for small and medium-sized businesses are in high demand. We will allocate larger sums for their financing," PM Sargsyan said. Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news |