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2005 Draft Budget Earmarks 563 Million Drams For Business Development Program
Yerevan, November 30, ArmenPress: The 2005 draft budget has earmarked 563 million drams for Armenian trade and economy development ministry to implement a string of projects to promote trade and economy development.

Trade and economic development minister Karen Chshmaritian told Friday that the bulk of that money, 300 million drams (a 50 million increase over 2004), will be directed for carrying out a government-development plan of actions to boost small and medium-sized businesses. He said part of that money will be used also to finalize the process of establishment of regional branches of the Center for Development of Small and Medium-Sized Business.

The government program for tourism development will receive 20 million drams, as much as in 2004. The minister said the government expects the assistance of international organizations to tourism development program. Also 156 million will be allocated for a government program for regulation and maintenance of standardization and measurement norms.