// IP Marketing video - START// IP Marketing video - END

Armenia refused European bank credit over Yerevan Mayor - paper

Armenia refused European bank credit over Yerevan Mayor - paper

PanARMENIAN.Net - According to Zhoghovurd daily, Armenian authorities led by Yerevan Mayor Taron Margayan have found themselves in the center of a scandal.“Earlier, a European bank provided a $35 million credit for modernization of Yerevan underground. The sum was to be procured in two installments, with the first one already allocated,” the daily said.

“However, after a while, it was revealed that the sums weren’t being spent as planned, with the bank refusing to provide the second part of the credit,” the paper said, adding that the underground administration refused to comment.

 Top stories
“Sadly, that tragedy, that genocide, was the first of the deplorable series of catastrophes of the past century,” Pope Francis said.
“May God bless Armenia, a land illumined by the courage of the martyrs and that hope which proves stronger than any suffering,” he said.
The pontiff will be greeted with the Hrashapar service which is traditionally offered as a service of welcome to top religious clerics.
Father Federico Lombardi said the papal visit underlines peace and the Pope’s desire to show his closeness to the entire nation of Armenia.
Partner news