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SMB To Remain In Spotlight Of RA Government

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  • SMB To Remain In Spotlight Of RA Government

    SMB TO REMAIN IN SPOTLIGHT OF RA GOVERNMENT

    PanARMENIAN.Net
    May 18, 2010 - 17:14 AMT 12:14 GMT

    Despite huge efforts of the Emergency Response Team under the RA
    government in 2009 to assist the small and medium businesses (SMB)
    under the conditions of the global economic crisis, the results are
    not sufficient.

    Armenian Prime Minister Tigran Sargsyan said that the problems of
    small and medium businesses are in the spotlight of the RA government.

    "We are not happy with the results, however, we will manage to achieve
    the set goals through our own and public control," Sargsyan said
    after a working discussion at Bio Kat company.

    At the same time, he noted that the government's activity should be
    transparent, while programs of the Emergency Response Team should be
    available on the government's official website.

    The Prime Minister added that the government is going to control the
    results of its decisions and will be visiting those companies, to which
    governmental assistance was provided. This time it was Bio Kat company.

    Specifically, the company received governmental assistance at the
    amount of AMD 120mln through MSB Investments UCO in October 2009,
    due to which the company purchased modern equipment and expanded
    its production.

    "It means that our initiatives are implemented: new jobs are created,
    the competitiveness is increased in the market. We have gained
    positive results, but we also want to transfer these impulses to the
    population," the Prime Minister noted.

    Founder of Bio Kat company Hrachik Hakobyan said that the company's
    business plan submitted to the Emergency Response Team is being
    implemented within set terms. The company produces around 20 types of
    dairy products: eight classic and 12 dietary. Besides, according to
    Hrachik Hakobyan, the company will offer new products to consumers -
    ice-cream and yogurts starting from May 25.

    He added that the number of employees have increased due to the new
    industrial unit.
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