WORLD BANK STILL FINANCING ARMENIA
Support A1+!Armenia has managed to “convince” the World Bank to continue the financing of the Informational Technologies field till the end of 2006.
The World Bank will finance the continuation of the program “Companies’ Incubator”. It started in 2002 when the Bank allotted 5 million USD to Armenia for the program. During the creation of the program there was financing from other organizations as well which allowed us to “economize means”.
Today the World Bank will not allot money to Armenia, but they will continue to use the economized means. And as the “Companies’ Incubator” is considered a realized structure in Armenia, in the new stage of financing the means will be directed to the development of the structure.
The “Companies’ Incubator” will provide business-consultation. The head of the company Bagrat Engibaryan informed the journalists today that the branches of the Incubator will create new companies. In the closest future two will be created.
It should also be mentioned that in the field of informational technologies there are about 100 companies in Armenia which have realized production and import of about 50 million USD.
