During the May 21 meeting the Armenian government endorsed a draft document with Microsoft.
Minister of Economy RA Karen Chshmarityan presented the documents saying that Microsoft upper executive management would arrive in Yerevan next week. Armenia is determined to sign three agreements with the reps of the company, as well a memorandum on establishing a new innovative center in Yerevan. Armenia will undertake a part of financial commitments - within the project the Republic will allocate 603 mln AMD (1.3 mln USD) each year for a three-year-period.
Prime Minister of Armenia Hovik Abrahmayan is not pleased with the volume of Armenia's financing of the project. He reminded that it was supposed to be 1 mln USD following the previously reached agreement. "Our agreements must not be broken", said the Prime Minister.