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

Greece agrees to launch debt swap for private creditors March 8

PanARMENIAN.Net - Greece's cabinet agreed on Saturday, Feb 18, to launch a debt swap for private creditors on March 8 with the aim of completing it by March 11, Reuters quoted a government official as saying.

The swap is to accompany a $130 billion rescue package that Athens hopes to agree with its euro zone partners on Monday and will mean that creditors take a 70 percent cut in the real value of their holdings.

 Top stories
The financing will be directed to energy efficiency, renewable energy, agribusiness, food processing, education and healthcare projects.
Gazprom supplies gas to Armenia through Georgia, but the transit agreement expires at the end of 2016, and Gazprom is keen to reduce the fee.
A proposal made at a Cabinet session suggested that the watchdog apply differentiated rates for natural gas and electricity.
The M6 highway is a vital link connecting Armenia with Georgia and beyond, providing the shortest link between the respective capitals.
Partner news