ArmInfo.The Armenian government will stimulate investments up to 500 million drams and more by solving infrastructure problems. The corresponding decision was made on August 24 at a Cabinet meeting.
Armenian Minister of Economy Vahan Kerobyan noted that in the first half of the year a high growth in economic activity was registered, which inspires the government to more active investment activities.
He reminded that the "Infrastructures for Investments" measures were approved last year. , he said.
In particular, the authorities are ready to provide 20% of the necessary infrastructure to those who invest 500 million drams, if the investments exceed 500 million drams, the government will also finance 10% of the remaining amount. These investment projects will be submitted to the government, and the Cabinet of Ministers will make decisions on them, Kerobyan explained.
