RA Prime Minister Tigran Sargsyan received Head of the World Bank Armenia Office Aristomene Varudakis and Country Support Strategy mission coordinator Samia Mitra. Pleased with the current level of World Bank-Armenia cooperation, the Prime Minister pointed out that the program on the use of USD 50 million out of the World Bank-allocated USD 85 million-worth of loan for supporting medium-size enterprise is gathering momentum. Tigran Sargsyan said to be confident that other joint programs,... more »
For Developers’ Reference
Notification by Government of Republic of Armenia Operative Staff The requirements stipulated under the program of extending credit guarantees to eligible developers have been amended as follows: instead of the formerly stated 75%, target facilities shall henceforth be eligible if 50% complete as evidenced by asset evaluating companies.
RA Prime Minister Tigran Sargsyan attended a conference entitled “The social impact of the global economic crisis in Armenia” in Erebuni-Plaza hotel complex, co-hosted by the RA Ministry of Labor and Social Affairs, the local offices of the United Nations, the World Bank and the IMF. The conference has the objective of discussing the expected effect of the global crisis with a view to finding ways for mitigating its impact on vulnerable population in Armenia. RA Prime... more »
The Office of Government hosted a gala event during which awards were handed out to those companies which have excelled for high product and service quality as stipulated in the government decree of this March 19. Congratulating the prize-winners, Prime Minister Tigran Sargsyan underscored that the Commission had been very strict in setting quality standards. He appreciated the transparency and openness of the contest and went on to mention that all winning companies have thereby supplied... more »
Accompanied by the RA Minister of Agriculture, RA Prime Minister Tigran Sargsyan visited Alishan Ltd. of Masis town to get acquainted with the activities and the achievements of this seven-year-old fruit and vegetable processing company. Tigran Sargsyan took the opportunity to familiarize himself with the advanced technology using greenhouse unit which was founded earlier this year. By noting that agriculture and farm produce processing are deemed as economic priorities in Armenia, the... more »
The Information Technology Development Support Council (ITDSC) met under the chairmanship of of council head, RA Prime Minister Tigran Sargsyan. The Council discussed the course of implementation of the assignments given at the previous session, the objections raised by the working group on legal regulation concerning Article 9 of the RA law on defense, the package of proposals on customs legislation and administration reform. Information on the course of implementation of over ten... more »
RA Prime Minister Tigran Sargsyan received newly appointed IMF regional director for Middle East and Central Asia Masoud Ahmed. The meeting was attended by IMF representative in Armenia Nienke Oomes. Pleased with the current status of bilateral cooperation, the Prime Minister noted that the global crisis will be easier to cope with through close cooperation with international financial institutions inclusive of the IMF. The IMF regional director, too, stressed that the Fund... more »
RA Prime Minister Tigran Sargsyan visited the exhibition co-hosted by Prom-Expo Ltd and the Government of Armenia at the Sports Complex after Karen Demirchyan, referred to as “Construction and Interior – 2009.” Greeting those in attendance, the Prime Minister noted that the government supports this already traditional exposition with a view to fostering exchange of know-how and advanced technologies-related information between building companies. “It is not a... more »
Statement by the Operative Staff
The Operative Staff invites all companies engaged in residential building activities to participate in a program implemented by the Government of the Republic of Armenia under which they will be granted credit guarantees against collateral with a view to completing unfinished construction projects. Collaterals may be provided in such immovable assets as are not impeded with other liabilities or encumbrances whatsoever. The guarantee shall not exceed 35% of assets’ market value,... more »
RA Prime Minister Tigran Sargsyan called a consultative meeting attended by the minister of economy and the members of Domestic Commodity Producers’ Union. To begin with, the prime minister noted that the meeting was called to discuss the current economic situation in the Republic with a view to finding ways to overcoming the negative impact of the global financial and an economic crisis. In stressing that regular consultations with the Republic’s economic entities is a... more »
