  Yerevan, Moscow sign interim agreement on $500 million aidFebruary 10, 2009 - 16:27 AMT PanARMENIAN.Net - The Armenian Ministry of Finance and Economy has announced conclusion an interim agreement between the governments of Armenia and Russia on a $500 million loan that Moscow will grant Yerevan to help overcome the negative consequences of the world economic crisis.The credit will be provided with a 15-year term, four of which on "privileged conditions." The agreement does not impose implementation of any other financial commitments on Armenia, the Ministry's website reports.   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 |  Related sections Latest news Czech-Armenian military cooperation discussed in Yerevan  A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia.U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel.Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide.Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |
