Economy 14:50 14/08/2020 Armenia

Minister reveals details of Armenian government’s coronavirus aid package for tourism

Two more aid packages aimed at supporting the tourism sector, grape suppliers, wine and brandy companies hit hard by the coronavirus pandemic were approved by the Armenian government on Thursday, Minister of Economy Tigran Khachatryan told a news conference on Friday.

According to the minister, the 23rd support program will focus on the public catering sector, hotels, resorts, as well as travel agencies.

The key purpose of the program is to help companies operating in the tourism sector to keep their staffs, Khachatryan said.

Companies registered before 31 March 2020 and having at least three employees are entitled to receive the government aid, he noted.

“There are several rules for the support program. We intend to encourage the companies that managed to retain more than 70% of their staffs. These companies will receive subsidies in the amount of the salary of every third employee, which equals to 33% of the payroll," the minister said. “However, the companies that failed to retain 70% of their staff will also receive assistance, but in this case the salaries of every fourth employee will be subsidized, or 25% of the payroll will be paid. This is a very good signal for businesses to expand their staffs.”

Khachatryan said that the program is initially set to cover a period of nine months based on the forecasts that the Armenian tourism sector will be able to recover only by next spring. The the main condition for the duration of the program is the maintenance of existing indicators, he said, adding if the companies start to bounce back faster and reach 70% of the previous turnover, the program will be terminated.

The support will be denied to those businesses which fail to properly pay their taxes.

The potential beneficiaries of the program have more than 23,000 employees, thus it will affect some 5,000-6,000 employees. “The amount of the monthly reimbursement may reach 600-700 million drams," Khachatryan stressed.



Source Panorama.am
Share |

Related news

Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:

Newsfeed

19:03
Artsrun Hovhannisyan refutes Azerbaijani reports on death of senior Armenian officer
Artsrun Hovhannisyan, a representative of the Armenian Defense Ministry, on Monday dismissed the reports spread by Azerbaijan alleging a...
18:53
ECHR says it's received Armenia’s request for interim measure against Azerbaijan
The European Court of Human Rights (ECHR) on Monday received a request for interim measure lodged by Armenia against Azerbaijan, it said in a...
18:37
Situation relatively calm in southern section of Artsakh-Azerbaijan border, Artsrun Hovhannisyan says
The military operations continue along the entire line of contact between Artsakh and Azerbaijan, Armenian Defense Ministry representative...
18:04
Armenian army repels Azerbaijan’s large-scale armored attack
The Armenian forces have repelled a large-scale armored attack of the Azerbaijani troops in the southern direction of Artsakh, Armenian Defense...
17:55
Size of Karabakh conflict escalation not visible, Armenian FM tells Al Arabiya
Armenian Foreign Minister Zohrab Mnatsakanyan has given an interview to the Al Arabiya news agency, stating that the size of the...
17:35
Azerbaijani troops lose 10 units of armored vehicles in failed tank attack
The Azerbaijani troops on Monday launched a tank attack in the southeastern direction of Artsakh, but the offensive was foiled by the tank and...
17:16
Azerbaijani forces fire at Banak.info crew in Artsakh
The Azerbaijani forces are targeting and opening fire on the civilian population and journalists in Artsakh, David Torosyan, President of the...
17:03
Group of Armenian reporters targeted by Azerbaijani drone in Artsakh
While working in the Artsakh town of Martuni, a group of reporters of Tert.am spotted an Azerbaijani unmanned aerial vehicle (UAV), which...
16:44
Artsakh says frontline situation under full control, ‘favorable opportunities’ created for developing success
President of the Republic of Artsakh Arayik Harutyunyan and Armenian Defense Minister Davit Tonoyan on Monday visited the Operations Control...
16:27
Most disturbing thing is Turkey’s destabilizing force in Karabakh conflict, Armenian FM tells France 24
The most disturbing thing is the destabilizing force of Turkey in the Nagorno-Karabakh conflict, Armenian Foreign Minister Zohrab Mnatsakanyan...
16:11
Armenia submits new evidence on Azerbaijani forces targeting civilian areas to ECHR
In addition to the request to apply interim measure in respect of Azerbaijan submitted to the European Court of Human Rights (ECHR) on Monday,...
15:55
Artsakh reports 28 more casualties in fighting with Azerbaijan
The Artsakh Defense Ministry has confirmed the death of 28 more servicemen, who were killed in the ongoing fighting with Azerbaijan on September...
15:34
Artsakh official: Adversary has no success on frontline
“Contrary to the disinformation actively spread by the Azerbaijani side, let me note that the adversary has no success on the...
15:11
Kremlin urges to immediately stop military operations in Karabakh
Russia demands that combat actions in the Nagorno-Karabakh (Artsakh) conflict zone should be immediately stopped, Kremlin Spokesman Dmitry...
15:07
Armenia accuses Turkey of recruiting and transporting foreign terrorist fighters to Azerbaijan
"Turkey has been supporting Azerbaijan within the context of the Nagorno-Karabakh conflict since the 1990s, when it imposed land blockade...
14:51
Dozens of civil society organizations condemn Azerbaijani military aggression against Artsakh
The CSO Anti-Corruption Coalition of Armenia, comprising of 71 civil society organizations, have condemned the Azerbaijani large-scale air and...
14:41
Defense Ministry released new video of destructions of Azerbaijani military equipment
"Fights of various intensity are raging on," Spokeswoman at the Ministry of Defense Shushan Stepanyan reported. "Defense Army...
13:57
Greek social media explodes against Foreign Ministry’s “weak” position on Karabakh - Greek City Times
The Greek government, that has decried Europe’s and NATO’s “equal distance” between Greece and Turkey in the East...
13:12
Most servicemen with minor wounds back to service after receiving first aid - Artsrun Hovhannisyan
The Armenian side have around 200 wounded soldiers as of 12.00 on September 28, the Armenian defense ministry representative Artsrun...
12:51
Hasmik Arzumanyan: The female sergeant who fell in Azerbaijani aggression
Junior sergeant Hasmik Arzumanyan (born in 1985)is one of the Armed Forces militaries who heroically fell while repelling the Azerbaijani...
12:23
Armenia reports 174 new coronavirus cases, six deaths on September 28
Armenia has confirmed 174 new cases of the novel coronavirus (COVID-19) in a 24-hour period, bringing the national tally to 49,574 as of 11 a.m....
11:31
The escalation in Karabakh could lead to a larger regional conflict, Joe Biden warns
US Democratic presidential candidate Joe Biden has expressed concern over the flare-up of tensions in Nagorno Karabakh. "I am deeply...
11:29
Armenia Startup Academy to showcase the 9 startup-graduates of its Traction programme
Armenia Startup Academy is going to hold a Demo Day  to showcase the 9 startup-graduates of its Traction programme on September 30, at 8PM...
10:57
Organization of American States calls on Azerbaijan to immediately cease hostilities
The General Secretariat of the Organization of American States (GS/OAS) strongly condemns the recent military aggression of Azerbaijan that took...
10:52
Stepanakert bomb shelters in pictures
The Armenian Unified Infocenter has released photos from Stepanakert bomb shelters. The photos are taken by photographers Areg Balayan and...
10:23
Hayastan All-Armenia Fund launches global fundraising campaign in support of Artsakh
Hayastan All-Armenia fund declared on Sunday a pan-national fundraising campaign titled “We Are Our Borders: All for Artsakh.”...
10:09
Defense Army regained control of several lost military positions
Throughout the nigh intensive fights continued in the southern, south-eastern and northern sections of the Artsakh contact line, the...
09:54
Celebrating the birthday of a six-year-old child in Stepanakert bomb shelter
The birthday celebration of a six-year-old Armen took place at a bomb shelter in Artsakh capital Stepanakert. Facebook user Ashot Gabrielyan...
09:05
Azerbaijani forces resume offensive, apply 'TOS' heavy rocket launcher systems - Armenian MoD
"Throughout night fights continued with various intensity," Armenia's Defense Ministry reported. According to it, early in the...
09:00
US State Department: External parties would only exacerbate regional tensions
"The United States is alarmed by reports of large scale military action along the Line of Contact in the Nagorno-Karabakh conflict zone...

Follow us and get updates!

Most popular articles

{"core.blocks.header.spell_message1":"Selected mistake: ","core.blocks.header.spell_message2":"Send a message about the mistake?"}