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Tsolvard Gevorgyan: The crisis will clean the rubbish of the economy
11.03.2009 16:33
Nvard Davtyan
`Radiolur'
Tsolvard Gevorgyan, President of the Armenian Merchants NGO, engaged in
the protection of the rights of merchants, told a press conference
today that she likes the crisis because it will clean the rubbish of
the economy and will contribute to the shaping of market economy.
Tsolvard Gevorgyan said the difficulties of the small and medium-sized
businesses are connected with the return of credits.
According to her, if the Government manages to render correct
assistance and the banks meet halfway, the losses will be minimal. `For
example, the borrowers should be allowed to pay only the interest. The
agreements should be reconsidered and the interest rate should be
reduced. I mean the restructuring of credits,' Tsolvard Gevorgyan said.
11.03.2009 16:33
Nvard Davtyan
`Radiolur'
Tsolvard Gevorgyan, President of the Armenian Merchants NGO, engaged in
the protection of the rights of merchants, told a press conference
today that she likes the crisis because it will clean the rubbish of
the economy and will contribute to the shaping of market economy.
Tsolvard Gevorgyan said the difficulties of the small and medium-sized
businesses are connected with the return of credits.
According to her, if the Government manages to render correct
assistance and the banks meet halfway, the losses will be minimal. `For
example, the borrowers should be allowed to pay only the interest. The
agreements should be reconsidered and the interest rate should be
reduced. I mean the restructuring of credits,' Tsolvard Gevorgyan said.