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  • Anti-Crises Council

    ANTI-CRISES COUNCIL

    Hayots Ashkhar Daily
    27 Nov 08
    Armenia

    By the recommendation of the Prime Minister a council will be
    established in the republic aimed at mitigating the recession, which
    will propose solutions for the problems faced by the enterprises.

    Chief of the Department of Branch and Regional Economic Development
    under Ministry of Economy Hayk Mirzoyan informed us yesterday that the
    government would allocate state guarantees to the small and average
    entrepreneurs, to help them avoid the possible consequences of crises
    when taking credits. At present they are holding negotiations with
    the World Bank, to get 250 million dollars credit resources for the
    promotion of small and average entrepreneurial activity.

    In the framework of the measures aimed at resisting the possible
    influence of the world recession, a free trade zone will be established
    in Armenia.

    Firstly the trade zone will be established in "Zvartnots" Airport
    later similar activity will be realized in Gyumry: "The free trade
    zone presumes an establishment of the zone for the export of Armenian
    agricultural production, with all the necessary conditions for the
    preservation: fridges, laboratories, etc.," Hayk Mirzoyan said.

    According to him the establishment of similar zone is mainly aimed
    at providing a super-modern and qualitative exit to the international
    market, by maintaining the qualitative index of the product and devel
    oping the organic agriculture.

    It is planned to ensure united parameters for Armenian products, with
    a special label "Made in Armenia". Different companies will export
    their products from the free zone, but under the same brand, which
    will testify to the quality. The European Countries and Russia will
    be the first possible markets for the export of Armenian agricultural
    products.

    According to the Chief of the Department this will provide an
    opportunity for the Armenian farmers to consume their product by
    higher prices, as well as solve the issue of preservation.

    From: Emil Lazarian | Ararat NewsPress
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