Chaired by Prime Minister Nikol Pashinyan, a regular meeting was held in the Office of Government to discuss ways of addressing the pandemic-caused socio-economic problems. The meeting first reviewed progress in the ongoing activities aimed at curbing the economic impact of the outbreak of COVID-19. In particular, it was reported that applications for providing credit resources to economic entities at preferential conditions worth 8.5 billion drams have already been approved, which is a...
A Cabinet meeting was held today, chaired by Prime Minister Nikol Pashinyan. The Government approved a 10th action as part of its effort to offset the impact of COVID-19, which provides for a one-time grant in support of those entities considered to be micro-businesses since January 1, 2010 under the Tax Code of the Republic of Armenia. The grant is available at the rate of 10 percent of beneficiaries’ posted turnover for the first quarter of 2020, but not more than the twofold of...
Chaired by Prime Minister Nikol Pashinyan, a regular meeting was held in the Office of Government to discuss ways of addressing the pandemic-caused socio-economic problems. The Prime Minister was briefed on the steps taken by the Government to neutralize the economic impact of COVID-19. He was told that several business entities had submitted loan applications under the first program, many of which were complied with to a total amount of AMD 1,433 million. 194 farmer bids have so far been...
Prime Minister Nikol Pashinyan chaired a consultative meeting, which discussed the ongoing loan-supported tourism and waste management programs. USD 55 million was said to have been made available under the Tourism and Infrastructure Development Program Support Facility, while only 6 million dollars has been spent since 2016. In the meantime, 4 billion drams will be invested in the framework of the program in 2020. Efforts are underway in Ararat, Vayots-Dzor, Syunik, Shirak and Kotayk...
Chaired by Prime Minister Nikol Pashinyan, a consultative meeting was held to discuss progress in loan-supported agricultural programs. The Prime Minister was informed about the process of implementing the Management and Competitiveness of Agricultural Resources in Communities and the Price Chains Development programs, which started as early as in in 2019. Under the first program, 612 units of agricultural machinery were provided to cooperative farms, new pastures endowed with drinking...
Prime Minister Nikol Pashinyan chaired a regular meeting, which discussed solutions to those socio-economic problems arising from the coronavirus crisis. The Premier was briefed on the process of implementing 9 programs meant to deal with the economic impact of COVID-19. Information was provided on the amount of economic and social assistance provided so far and on the process of developing procedures for specific social activities. Daily monitoring is ensured by the government...
