YEREVAN. – The government of Armenia approved at today's session the concept for State Property Management.

The issue was presented by Deputy Minister of Territorial Administration and Infrastructure Vache Terteryan, noting that this concept was developed based on the content of the country’s current economic policy and the requirements of the government program.

Terteryan said that by their estimation, the respective proceeds from the privatization and alienation of state property would be 48 billion drams. "Of course, this is a very careful assessment," he added. "With a more optimistic estimate, this indicator will double."