IFAD to finance Fruit Armenia OJSCAugust 26, 2010 - 18:57 AMT PanARMENIAN.Net - A $13.48mln loan and $500,000 grant will be allocated to Armenia under the agreement to facilitate poverty reduction in the country’s regions, the press service of the RA Ministry of Finance reported. The first component of the program envisages creation of Fruit Armenia OJSC and organization of fruit and nuts production in a sustainable manner. Investments will be made in Tavush, Vayots Dzor and Aragatsotn regions. The second component – Rural Infrastructure – envisages investments in water supply, natural gas supply and rural roads rehabilitation in seven regions of Armenia (Tavush, Syunik, Vayots Dzor, Gegharkunik, Armavir, Lori and Shirak.) The program implementation is expected to be launched in 2011 and completed in 2016. 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 | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |