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YEREVAN, FEBRUARY 27, ARMENPRESS. The economic entities involved in investment programs have a chance to use certain support directed towards export.
Hovhannes Azizyan – Deputy Minister of Economic Development and Investments, told “Armenpress”, that there are two major supports directed towards export: subsidizing interest rates for the provided loans and export insurance. He said over 3% interest rate subsidy on loans is being implemented for the exporting companies which enables them to carry out their activities with more affordable resources and to make an export.
“Export insurance provides several opportunities. It insures from the risks related with the non-payment, currency changes, deadline delay. The second support is the pre-export financing process. In other words, if the exporter has a respective contract on export and an experience on carrying out such process, the process can be insured and additional loan resources can be received based on this in order the businessman is able to find a raw material, produce the good and carry out the export”, Azizyan said, assuring that this provides a great chance to develop the export.
The Deputy Minister stated that the export insurance support tool increased its circle by nearly 5 times within a year. He said it is a very effective tool, and many exporters started to use it. “We hope the number of people using it will gradually increase”, Hovhannes Azizyan said.