2024-09-24 08:58:28
We made changes in our first anti-crisis measure, that is, we transformed it, the purpose of which was to stimulate investments, the Prime Minister announced at today’s government session. Nikol Pashinyan.
However, he emphasized that he has the impression that the business community is not sufficiently informed about it.
Deputy Prime Minister Mher Grigoryan presented details on this issue.
“One rule came into force on June 20, which I think is a very important strategic rule. Until now, our subsidy tool worked according to the following logic: credit resources up to 250 million drams were subsidized for a period of up to 1 year. We have put into effect the following definition, that if the enterprise, the entrepreneur has implemented or will implement the replenishment of the statutory capital in the amount of 50 million drams during 2020, then he gets the opportunity to be additionally subsidized in the amount of 400 million drams and for a period of 36 months, which is very significant. It is a significant privilege. If the replenishment was carried out in the amount of 100 million drams, the entrepreneur has the opportunity to receive a subsidy equivalent to 500 million drams for 48 months. This is a serious incentive. If we make a simple calculation of the annual savings of the businessman in terms of the subsidy of 500 million drams, then it is, in fact, his profit for 1-2 years, which he can invest in the statutory capital,” said Grigoryan.
He noted that as of now, one application has been approved under this rule, and two more applications are under consideration.
Referring to the tax reforms, the deputy prime minister said that there is about 64 billion drams left in the economy.