ArmInfo. The 18th program to mitigate the economic consequences of the COVID-19 epidemic has been submitted to the Armenian government. This was announced on May 14 at a cabinet meeting by head of the Armenian government Nikol Pashinyan.
As he mentioned, according to the program, those companies that have saved jobs and the salary fund since the start of the coronavirus pandemic would be able to crely on government assistance. We are talking about companies with 100 or more employees. The state in the form of a grant will finance the salaries of every fifth employee. Thus, as Nikol Pashinyan noted, the state will appreciate the work of employers. The Prime Minister also said that as of today, 76 billion drams have been allocated within the framework of already approved programs. 26 thousand legal entities and 1.1 million individuals have benefited from the assistance. The banking system of the country, which announced a loan holidays for 460 thousand individuals and 15.5 thousand legal entities, should not have stood aloof from all of this. For this reason, as Nikol Pashinyan noted, there are no administrative proceedings.
