YEREVAN, DECEMBER 19, ARMENPRESS. Minister of Economy Vahan Kerobyan outlined the three main directions of the modernization of the economy. He said the directions are – modernization of the conveyor systems and equipment, involvement of highly-qualified specialists, and modernization in companies and processes.

Kerobyan made the remarks at a meeting with businessmen at the Mantashyants Union of Businessmen.

“This year we launched the economy modernization program, by which companies can acquire equipment and conveyor systems and the government will subsidize or is subsidizing the interest rates of leasing or loan. As of late November, 614 companies already acquired equipment and conveyor systems worth 42 billion drams. The modernization of the economy and increasing the general competitiveness of the economy has three main directions - modernization of the conveyor systems and equipment, involvement of highly-qualified specialists, and modernization in companies and processes,” Kerobyan said.