New Subsidies will be provided by the State

New subsidies will be provided by the State under the changes of the first measure to neutralize the economic consequences of Coronavirus.

On January 27, 2022, by decision N 106-L, a modernization measure was adopted by the Governance of RA.

The aim of this decision is to create access to financial resources for businesses to modernize production opportunities and promote the introduction of new technologies in the Republic of Armenia, which will increase the competitiveness of products and services and increase labor productivity.

Purpose: Purchase or import of new (unused) equipment, provided that the contract is signed after February 1, 2021, and the equipment must be used to organize production or expand production in the Republic of Armenia.

The assistance will be provided to economic entities through targeted loans / leasing interest rate subsidies received from licensed banks or credit organizations operating in the territory of the Republic of Armenia.

ECONOMIC MODERNIZATION MEASURE

Conditions of the Economic Modernization Measure is provided below:

Type	Amount of the Loan/Leasing	Period of the Subsidy	Period of the Loan/Subsidy	Subsidy for the Loan/ Leasing in AMD	Subsidy for the Loan/ Leasing in USD
Equipment	<200 mln AMD	<42 months	<120 months	8%/10%	6%/8%
​Equipment	>200 mln AMD	<36 months	<120 months	8%/10%	​​6%/8%

Source:https://www.arlis.am/DocumentView.aspx?docid=159861