State credit of 3.1 billion drams to be given to Zangezur
Copper and Molybdenum Enterprise
19-02-2009 19:00:00 | Armenia | Economy
YEREVAN, FEBRUARY 19, NOYAN TAPAN. The Armenian government
will provide a state credit of 3.1 billion drams to Zangezur
Copper and Molybdenum Enterprise. The prime minister Tigran
Sargsyan said at the February 19 sitting of the government that
this assistance will help the enterprise work at full capacity
in the next three years.
Thanks to the assistance, according to the prime minister,
the productivity of the enterprise will grow by 30% as it is
planned to import new equipment for improving the quality of
production. Besides, another 50 satellite enterprises with a
total of 2,000 jobs will be ensured that they can keep these
jobs.
The prime minister said that a much more favorable social
environment will be created in Syunik marz. "This is an
unprecedented function performed by the government, and it has
an entirely anticrisis nature," he underlined.