  Subsidies under state program on assistance to young families totaled AMD 34.8mln in 2010January 15, 2011 - 13:07 AMT PanARMENIAN.Net - 232 loans at the total amount of AMD 34.8mln were subsidized in Armenia under the program on Affordable Housing for Young Families, according to the annual report of the RA Ministry of Finance. Earlier Head of the Department for Financial Markets Development at the RA Ministry of Finance Karen Tamazyan said that the average amount of provided loans made AMD 8.2mln, the average term of loans – 12.4 years, average interest rate – 10.3%. In 2010, the government reviewed the terms for lending under the program and other changes are not expected within the upcoming years. Specifically, the state’s assistance for residents of regions used to total 2% out of the granted loan, while currently this figure makes 4%. Besides, the initial installment for a dwelling in Armenia’s regions will total 10% against previous 30%. 13 Armenian banks and 3 credit organizations participate in Affordable Housing for Young Families program.   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 Government reveals details from Pashinyan’s meeting in border village  Prime Minister Nikol Pashinyan has met with a group of residents of a border village in Armenia’s northern Tavush provinceNarek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28.Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia.Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. |
