  WB to allocate $24mln to Armenia for EIC Project April 15, 2011 - 15:11 AMT PanARMENIAN.Net - During the April 15 extraordinary sitting, the Armenian parliament started discussion of a loan agreement for the E-Society and Innovation for Competitiveness (EIC) Project. The loan agreement was signed by the Armenian government and International Bank for Reconstruction and Development on January (IBRD) 26. Advisor to the Armenian Minister of Economy Vahe Danielyan said in the parliament that the World Bank will allocate $24mln for the EIC Project, while the Armenian government - $6mln. According to Danielyan, the agreement envisages allocation of the loan funds for the development of information technologies, telecommunication and education. The loan will be provided to Armenia for a ten-year term on attractive terms.   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”. |
