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
The official launch ceremony of the Farm Service Center was held with the participation of the U.S. ambassador to Armenia.
"Those events served the purpose we had set, including the issue of raising awareness of the Armenian Genocide," Vigen Sargsyan said.
“Our people have created their path to ascent through sacrifice, struggle, efforts to voice their righteous case,” Karekin II said.
Artsrun Hovhannisyan was asked to comment on Armenia’s somewhat passive reaction to the acts of aggression provoked by the adversary.
Partner news