The Government of the Republic of Armenia approved a procedure to support IT companies who suffered due to USD rate decline. The purpose of the assistance is to help the beneficiaries to reshape their businesses to stay competitive and sustainable in the changed conditions.

The deadline for the submission of support program application is 1 February 2023. The beneficiaries will receive the funds within four months after applying, with four equal tranches, with the maximum amount of 400 million Armenian drams for each beneficiary.

See more details in this memo provided by Protto legal & business.

https://t.me/threenstartups

#armeniangovernment #governmentsupport #support #itsector #protto #prottolegalandbusiness