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Karabagh increases government funds for business development

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  • Karabagh increases government funds for business development

    KARABAGH INCREASES GOVERNMENT FUNDS FOR BUSINESS DEVELOPMENT

    Armenpress

    STEPANAKERT, MAY 16, ARMENPRESS: Small and Medium-Sized Business
    Support Center in Nagorno Karabagh, established by its government is
    implementing a series of projects, including also release of privileged
    loans to promote overall economic rise.

    The 2005 budget has earmarked 800 million drams for development of
    business, a striking rise from last year's 200 million. Some 200
    million drams are meant for wine-growing, cattle breeding and leasing
    of agricultural machinery. Another 185 million will go to companies
    manufacturing industrial goods
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