Gagik Tsarukyan pledges tax relief, loan easing for SMEs ahead of elections

Businessman and opposition leader Gagik Tsarukyan vowed to ease financial pressures on small and medium-sized enterprises (SMEs) as part of his party’s campaign platform ahead of Armenia’s parliamentary elections on June 7.

Speaking at a discussion on Saturday, Tsarukyan told entrepreneurs that his Prosperous Armenia Party’s “Proposal to Armenia” program envisions significant tax incentives, reduced loan burdens and systemic reforms for the sector.

“An industrious, creative and initiative-driven person builds a strong economy, which becomes the main guarantee of a stable, secure and competitive state,” Tsarukyan said.