Yerevan /Mediamax/. Armenian government made a decision today to provide state guarantees to “Elite Group” Construction Company at the volume of $2.5mln.

Mediamax reports that the Minister of Finance Tigran Davtyan stated at the session of the government today that the crisis prevention measure is realized within the framework of the operative staff’s activity. According to him, aiming at concluding the construction objects in Yerevan, “Ameriabank” will provide a loan under state guarantees.

Tigran Davtyan stated that the company enjoys authority and has proved itself an efficiently operating construction organization in the market.

Prime Minister Tigran Sargsian noted that “Elite Group” CJSC is the first company, which has turned to the operative staff to use the new tool, stimulating construction. “We hope that other companies will follow this example”, Tigran Sargsian stated.