Armenian companies participating in public tenders will receive budget subsidies
YEREVAN, April 1. /ARKA/. Suppliers of goods and services, developers and other companies that will participate in the public procurement tenders will have the opportunity to receive budget subsidies, Deputy Finance Minister Karen Brutyan said during a government meeting on Thursday.
According to him, after winning a public procurement tender worth over 1 million drams and after the conclusion of all contracts, the winning company will be given the opportunity to receive budget subsidies.
“In particular, if companies use more than 50% of goods and services of local origin during the implementation of the contract and this fact is documented, they will be able to receive a state subsidy in the amount of 1% of the contract amount,” Brutyan said.
He noted that by doing so, the government is trying to stimulate the growth of liquidity in the economy, and on the other hand, to mitigate the costs of companies participating in public procurement tenders and stimulate local production. ($ 1 - 531.17 drams). –0--