Armenia’s prime minister on Tuesday asked representatives of the banking sector to initiate steps towards increasing businesses’ advantages in the economy.
At a working meeting held at the Government, Karen Karapetyan said he expects practical non-standard solutions to improve the business atmosphere and attract investments. “Our purpose is to attend to the concerns, challenges and expectations which our financial and economic sector is awaiting. We want to make businesses ‘breathe’, and from that point of you, I expect you to submit proposals highlighting the measures to be undertaken to secure additional crediting for the economy. It is now time to propose practical solutions,” he said, according to a press release by the Government.
The premier also proposed elaborating specific mechanisms for issuing loans to small and medium businesses to promote their active work in different branches of the economy.
For his part, President of the Central Bank of Armenia Arthur Javadyan introduced their monetary-loan policies and the general situation with crediting.
At the end, the premier asked all the cabinet ministers responsible for the economic bloc to consider the proposals and continue joint work with the banking sectors’ representatives to resolve the problems raised and implement the necessary projects.