ArmInfo.A total of 901 transactions to the amount of over AMD 56bln were effected under the economic modernization programme last year, Armenia's Minister of Economy Vahan Kerobyan reported in a Facebook message.
Last December alone, economic entities signed 223 contracts to the amount of AMD 11bln.
"I can state with confidence that the programme enables us to seriously accelerate productivity rates, which is a guarantee of out companies' competitiveness," he wrote.
The economic modernization programme was launched early last year. The first component provides for compensating companies' expenses, leasing promotion, subsidizing the interest rates of loans for replacement of fixed assets, including production lines. Under the programme, in case of loan agreements, the government subsidizes 7% in AMD terms and 6%, and in case of leasing contracts, 10% in AMD terms and 8% in foreign exchange terms.
