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Official News

Thursday, 7 May 2020

High-tech companies to be supported under 17th anti-crisis program










A Cabinet meeting was held today, chaired by Deputy Prime Minister Tigran Avinyan.

The Government approved the 17th anti-crisis program, which seeks to safeguard jobs in crisis-affected high-tech companies, as well as to promote and implement innovative ideas. Beneficiaries are those high-tech entities which comply with the standards stipulated in the RA Law on State Support in the Sphere of Information Technologies that did not have overdue tax and credit liabilities during the last 12 months preceding the date of application and had not received a grant from the HTI Ministry over the past 12 months.

Assistance is provided to the winners of the competition, who are the beneficiaries of the grant. Applications shall be processed by an independent professional commissions consisting of high-tech associations, specialists and public stakeholders’ representatives, subject to approval by the Minister of High-Tech Industry.

Applications shall be evaluated in accordance with the procedure set out in the official tender invitation published by the Ministry and in line with the standards developed by the relevant task forces and commissions. Compliance with the strategic priorities of the Government of the Republic of Armenia, feasibility, financial and global market consistency, the applicant’s expert capacity and other prerequisites will be considered during the process of assessment.

The Government decided to allocate money to the Urban Development Committee in order to provide better building conditions for academic institutions and sports facilities. The funds will be used to build a secondary school in Vardenis village of Aragatsotn Marz and a new dormitory for the Yerevan State Olympic Sports College, as well as to renovate the Vanadzor State Art School after Mikael Tavrizyan .

The Executive amended one of its previous decisions to effectively organize the process of providing State budget subsidies for community infrastructures development purposes. In this connection, Deputy Prime Minister Tigran Avinyan noted: “We have tried to set up some logical framework for regional administrations to make procurements in a unified format. I think this will go a long way toward improving the quality of road construction.”

The Government approved a set of measures to provide housing to families left homeless in the disaster zone. The decision seeks to address the housing needs of 229 families. 13 out of said 229 families shall be provided financial support (through HPCs and direct assistance). Homes will be built for the remaining 216 families as instructed by the Prime Minister of the Republic of Armenia. The State will thereby honor the commitment assumed before beneficiary families.

“In general, we realize that there are many other families who do not have such a status. This does not mean at all that no such program will be implemented in the future. We will try to understand what other framework is left and how we will solve the problem,” the Deputy Prime Minister said in this connection.

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