Prime minister promises Movses residents to pay compensations for depreciated Soviet-era bank savings

YEREVAN, July 7. / ARKA /. During the weekend visit to Tavush province Armenian Prime Minister Hovik Abrahamyan promised the residents of Movses village that they would be paid compensations for their depreciated Soviet-era bank savings.

The prime minister’s visit to the region that borders with Azerbaijan where he also visited another frontier village of Karmirakhpyur, was prompted by recent heavy shelling of the villages from the other side. 

Abrahamyan was accompanied by territorial minister Armen Gevorgyan, finance ministers Gagik Khachatryan, agriculture minister Sergo Karapetyan, transport and communication minister Gagik Beglaryan, labor and social affairs minister Artem Asatryan, as well as Tavush province governor Hovik Abovyan. 

In 2006 the Armenian government approved a special procedure for payment of compensations for Soviet-era bank savings deposited before the 10th of June 1993.

According to labor and social affairs minister Artem Asatryan, the government has already paid 10 billion drams in such compensations from 2005 to 2013.

The minister said that payment of compensations will continue this year as well. It will apply to people who were born before December 31, 1929. He said these citizens should be either included in the list of poor families, have a physical disability or be a member of volunteer groups involved in the defense of borders in early 1990s.  ($1 – 407.8 drams).--0---