More than 200 thousand people in Armenia owe large debts to banks; government wants to help them get out of it

The Armenian government will develop a scheme to help citizens who owe large debts to banks get out of debt. YEREVAN, September 14. /ARKA/. The Armenian government will develop a scheme to help citizens who owe large debts to banks get out of debt. Prime Minister Nikol Pashinyan told a government meeting on Thursday that some 300,000 people in the country working in the shadow sector cannot enter the legal net because of wage arrestment. "Firstly, the scheme will not apply to those who have been in this situation for the last 3 years because that would be a wrong message in terms of fulfilling bank obligations. We will try to help these people through new collection mechanisms,...