French Development Agency to allocate € 75 mln loan to ArmeniaNovember 26, 2015 - 13:54 AMT PanARMENIAN.Net - The Armenian government and the French Development Agency will sign a € 75 million loan agreement to finance the construction of Vedi reservoir, Panorama.am reports. According to Finance Minister Gagik Khachatryan, the project will help ease water scarcity in Ararat plain, as well as switch to automatic irrigation systems, which will, in turn, lead to energy savings. “The loan envisages a 20-year maturity date, including a 6-year grace period,” Khachatryan said. Prime Minister Hovik Abrahamyan said the government has declared the reservoir construction a key priority sector, ordering the heads of the agencies in charge to manage the technical part of the work as soon as possible to start the construction in February-March, next year. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Henrikh Mkhitaryan wins Serie A title with Inter Inter Milan midfielder Henrikh Mkhitaryan admits that the team have long been imagining clinching Serie A against AC Milan. Armenia not going to war over Karabakh, says Pashinyan Armenia is not preparing to fight a war for Nagorno Karabakh, Prime Minister Nikol Pashinyan said in an interview. Caring for nature, we have started with ourselves - Team Telecom Armenia Team Telecom Armenia summarized the work undertaken within the company in the direction of environmental protection. Azerbaijani President travels to Moscow Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. |