YEREVAN. – The Government of Armenia will continue assisting the country’s small and medium-sized businesses in 2013 by providing technical and financial support, Economy Minister Tigran Davtyan said during a press conference on Thursday. 

Specifically, the state budget will allocate 150 million drams (approx. $368,537) to the Small and Medium Entrepreneurship Development National Center; 778 million drams (approx. $1,911,480) have accumulated at the Small and Medium-Sized Enterprise Fund, and the Universal Credit Organization’s fund is close to six billion drams (approx. $14,741,490).   

As per Davtyan, small and medium-sized businesses in Armenia have received assistance worth 97.8 billion (approx. $240,286,348) drams in recent years, and the loans that are provided with the Government’s assistance are more favorable as compared to those which the market allocates.