“Swiss businessman, philanthropist, CEO of Frank Muller Company Vratan Sirmakes displayed great patriotism and proposed investing $10 million in Gyumri,’ Armenian Prime Minister Hovik Abrahamyan said during a visit to Gyumri.

“A body will be set up to finance all economic programs involving small and medium businessmen in Shirak province . I think it will promote economic activity in Shirak and help create jobs,” the PM said.

The government will co-finance the program by allocating 2 million , in addition to 10 million. The money will be provided to businessmen at a 5% interest rate for seven years.