The Cabinet has adopted a decision to set up a fund to foster development and favorable investment climate in Syunik region of Armenia. The executive body has also adopted the statute of the new structure called “Development and Investment Fund for Syunik Region”
The justification of the decision reads that boosting economic activity in the regions remains a key problem for the state that should be realized through a structure equipped with relevant professional and financial potential.
The fund is tasked with implementing activities aimed at addressing social-economic issues of the Syunik region.
The head of the cabined highlighted the initiative, urging the members of the government to show consistency with a view of projecting the experience in other regions.
