// 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
Armenia is one of Fodor’s Go List of destinations which the magazine compiled as a reminder to hold strong to your enthusiasm for exploration.
Smithsonian Magazine has prepared an article about the Caucasian leopard which dates back millennia in Armenia’s history and iconography.
According to tweets by founder and CEO Geoffrey Kent, the trip, beginning in LA culminating in NYC, offered a host of activities in Armenia.
JAMnews has prepared an article about immigrants from across the globe who have chosen Armenia as a safe haven.
Partner news