2 billion drams to be allocated from Armenian state budget<br /> for construction work in earthquake zone<br />


2 billion drams to be allocated from Armenian state budget
for construction work in earthquake zone

  • 19-03-2009 19:00:00   | Armenia  |  Economy
YEREVAN, MARCH 19, NOYAN TAPAN. 2 billion drams will be allocated from Armenia's state budget for construction work in the earthquake zone. The minister of finance Tigran Davtian said at the March 19 sitting of the government that the construction work to be done in the erthquake zone will help solve a number of problems: job creation, environmental and social problems, which will promote economic development and have a positive impact on GDP growth. The prime minister Tigran Sargsyan pointed out that this is an anticrisis measure. He announced that an agreement was reached with Vanadzor-Khimprom chemical enterprise, under which part of building materials needed for construction work in the earthquake zone will be received from this enterprise. T. Sargsyan said that the chemical enterprise can produce cheap building materials, thanks to which the expenditures will decline. Besides, the enterprise will have an opportunity to increase production volumes.
  -   Economy