ABOUT 6,800 ARMENIANS TO GET COMPENSATIONS IN 2014 FOR DEPOSITS FROZEN IN SOVIET SBERBANK

YEREVAN, October 31. /ARKA/. About 6,800 citizens of Armenia will be
paid compensations for their deposits frozen in Soviet Sberbank as
of the end of 2014, the minister of labor and social affairs Artem
Asatryan said at the draft budget discussions in the parliament
committees on Friday.

This year compensations are paid to socially insecure people born
before 1930 and veterans who participated in Armenia's defense
operations, Asatryan said.

A new group entitled to this compensation is plot owners in border
villages, the minister said. There were included in the list after
Armenia's premier Hovik Abrahamyan visited Movses and Karmiraghbyur
villages in Tavush of Armenia in early July following Azerbaijani
shelling of the villages.

Since the beginning of 2014, about 5,000 people have received their
compensations, and another 1,800 will be compensated by the end of
the year, Asatryan said.

The 2014 budget spending on these compensations was 1 billion 485
million drams.

On March 16, 2006, Armenia's government approved the procedure for
compensation for deposits in the country's USSR Sberbank placed before
June 10 1993. Compensations were paid only to beneficiaries included
in the social benefits list in the period from July 1 2005 to April
1 2006. In the first stage the priority was given to citizens above 70.

($1 - 411.74 drams). -0--

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