  KfW German bank will provide 120 million euro funding to Armenia in 2010 May 3, 2010 - 15:02 AMT PanARMENIAN.Net - KfW German bank will provide 120 million euro funding to Armenia in 2010, KfW first vice-president Roland Siller stated upon conclusion of a 19.5-million financing agreement with CBA president. KfW first vice-president noted that 20 million euro was already provided for mortgage credits during the current year. According to Mr. Siller, 30 million euro will be allocated to reconstruction of water supply in Vanadzor and Gyumri; 51 million euro will be provided for Vorotan hydroelectric power plant restoration.   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 |  Latest news Turkey extends military presence in Azerbaijan  The Turkish parliament has adopted a bill submitted by Recep Tayyip Erdogan to extend the mandate of Turkish troops.Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skillsArmenian, Saudi Foreign Minister meet in Riyadh The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi ArabiaPashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”. |
