Tag Archives: state guarantees

Armenia Govt. Comes to Aid of Crisis-Hit Construction Sector

YEREVAN (RFE/RL)–In what could be a major boost to one of the largest sectors of Armenia’s economy, the government approved on Thursday at least 20 billion drams ($54 million) in credit guarantees for local construction firms hit hard by the economic crisis. “The state guarantees will enable builders to attract credit resources from commercial banks,”

Armenian Ministry Posts Decline in Industrial Output

YEREVAN (RFE/RL)–Armenia has seen a dwindling output of its industrial enterprises so far this year, according to the data of a monitoring conducted by the country’s Economy Ministry. Hayk Mirzoyan, a Ministry official in charge of economic development according to branches and territories, told the media on Wednesday that despite the overall decrease in industrial