YEREVAN. – Ever since the first five months of 2013, the Small and Medium Entrepreneurship Development National Center (SMEDNC) of Armenia provides more than AMD 137 million (approx. $329,996) in guarantees to 31 start-up Syrian-Armenian businessmen. 

Overall, close to AMD 300 million (approx. $722,619) in guarantees were provided since the beginning of the year. 

As a result of the SMEDNC Start-Up Business Support program, 105 applications are submitted for financial assistance.  

In addition, the Economy Ministry found it appropriate to allocate AMD 200 million (approx. $481,746) budgetary loan to SMEDNC, and for a one-year period.  

The aforementioned matter is put on the agenda of Thursday’s Cabinet meeting.