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In Andranik Margarian's Words, Poverty Level Decreased By 20% In 5 Y

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  • In Andranik Margarian's Words, Poverty Level Decreased By 20% In 5 Y

    IN ANDRANIK MARGARIAN'S WORDS, POVERTY LEVEL DECREASED BY 20% IN 5 YEARS IN ARMENIA

    Noyan Tapan
    Oct 31 2006

    YEREVAN, OCTOBER 31, NOYAN TAPAN. "Five years ago poverty level was
    rather high in Armenia, 50-55%, but after approving the Poverty
    Reduction Strategic Program in 2003, the poverty level reached
    35%." RA Prime Minister Andranik Margarian said this in his October 31
    interview to journalists. In his words, in total, a credit of 8 mln
    USD was given to enterprises producing and processing agricultural
    products in the past 3-4 years: the average amount of credits given
    to small and medium-sized enterprises made 100-250 thousand USD and
    to big enterprises 500 thousand USD. M.Margarian said that companies
    producing wine and food products, as well as volumes of production and
    exports of above mentioned products grow year by year in Armenia. In
    the Prime Minister's words, many producers even do not manage to
    satisfy the growing orders of their foreign partners.
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