YEREVAN, September 5. /ARKA/. Financial resources of Armenian Economy Ministry’s Investments in Small and Medium Businesses Universal Credit Organization are being invested very fast and are mostly aimed at solving the problem of crediting small and mid-scale businesses, Economy Minister Tigran Davtyan said Monday at a news conference.
He said that this organization has a quite large portfolio reminding journalists that about AMD 6 billion had been provided by the government.
“These financial means are being distributed quite quickly,” he said. “Export-oriented industrial enterprises got a chance to use financial resources at lower than market interest rates and on soft terms.”
Davtyan said that the government also pays special attention to protection of the market, solving its problems in accordance with international quality supervision standards.
“We have prepared a legislative package on control over quality of products,” he said. “This package consists of five basic laws.”
The minister said that this package would be sent to the parliament for passage. ($1 = AMD 369.12). –0–
