06.08.2015
PanARMENIAN.Net - The ruling Republican Party of Armenia (RPA) held a meeting Thursday, July16, to
06.08.2015
PanARMENIAN.Net - The Special Commission for Constitutional Reforms published a preliminary draft
06.08.2015
PanARMENIAN.Net - For the first time in Las Vegas and the state of Nevada, U.S., Armenian language
06.08.2015
PanARMENIAN.Net - Armenian athlete Arsen Harutyunyan defeated Georgian Wrestler Giorgi Khachidze
 

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Current Date: Wednesday April 26, 2017 21:36:18
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Franck Muller CEO to invest $10mln in business projects in Gyumri

PanARMENIAN.Net - Swiss-Armenian businessman, Franck Muller CEO Vartan Sirmakes offered to invest $10 million in Gyumri, Armenia, to create an organization financing all the small and medium businesses that entrepreneurs of Shirak province will introduce, Armenian Prime Minister Hovik Abrahamyan said.
I am confident that this move will foster economic activity and job creation in the province of Shirak. I have also suggested that the government provided $2 million more, making the sum $12 million. And most importantly, the project will run with a 5% annual interest rate for a 7-year term, the PM told reporters.
According to the government's 2013 program, Support for Small and Medium Enterprises, SME development is meant to ensure the sustainability of economic growth in Armenia, making the economy innovation-oriented and flexible.

 
 
 
 Date Added: Thursday August 06, 2015 19:56:46 
 
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