YEREVAN, JUNE 5, NOYAN TAPAN. Zangezur Copper and Molybdenum Enterprise (ZCME) has paid off the 10 million-dollar credit received from Armenian government, RA Minister of Finance Tigran Davtian announced on June 4. The credit was given for 3 months for the purpose of continuing the ZCME-implemented investment program and purchasing equipment. Besides, the enterprise that has thousands of employees is continuing its regular work. The minister explained that by giving credit guarantees to construction companies and providing assistance to other sectors, the government tries to assist economic entities in a rapid and efficient way. The matter concerns companies with export potential that have the impact of a multiplier on other sectors of the economy. In his words, budgetary crediting is not perceived quite ambiguously by international bodies. In addition to ZCME's program, the bids for assistance to business plans of 41 companies were approved by the government's anti-crisis operative staff. 15 of them involve budget credits of a total of 4bn 961.8m drams (about 13m 410.4 thousand USD), 4 envisage participation of a total of 1bn 831.1m drams in capital of companies, 3 are related to provision of credit guarantees of 3.05bn drams, one - to assistance of an investment program of 145m drams, one is related to extension of the re-exportation period of equipment given by foreign partners to a company for temporary use, and yet another one involves non-financial assistance. Besides, the operative staff has redirected 16 business plans to the Small and Medium Enterprise Development National Center.

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