14.10.2011 19:28
YEREVAN, October 14. /ARKA/. Armenian Economy Minister Tigran Davtyan, speaking Friday at the First Global Armagroforum, said investments totaling AMD 964 million had been attracted under Small and Medium Business Investments CJSC’s programs.
“The government takes consistent steps to spur development of small and mid-scale businesses,” he said. “Small and Medium Business Investments credit organization was established in 2009 to support small and medium businesses. AMD 964 million has been invested since then.”
According to ARKA News Agency’s data, the organization’s assets totaled AMD 2.8 billion in late June 2011 and liabilities AMD 1.5 billion. Its capital amounted to AMD 1.3 billion. The organization’s net profit for the first half of this year amounts to AMD 154 million.
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