$7 mln for production of buses in Armenia

Hasmik Dilanyan

Seven million US dollars will be invested in the coming seven years to launch production of buses in Yerevan. According to the Government decision, the area at Mikoyan 18, Yerevan, was leased to the “MED A. KGmbH” Company, which the latter will use to organize the production of buses.

The Government decided to allocate 498 mln AMD from the reserve funds of the state budget for the improvement of the housing conditions of the servicemen of the State Protection Service of the National Security Service. The decision was made upon the directive of the President of the Republic of Armenia, Prime Minister Tigran Sargsyan said at today’s sitting.

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