  On June 11 Russian credit costing $500 million was transferred to ArmeniaJune 11, 2009 - 20:03 AMT PanARMENIAN.Net - Armenia has been provided with $500 million worth Russian credit, Armenia's finance minister Tigran Davtyan said at the government sitting., adding that credit agreement has already came into force.On June 11 the $500 million worth Russian stabilizing credit was transferred to the Armenian side, press office of RA ministry of finance reports. On May 20 Armenia's and Russia's finance ministers Aleksey Kudrin and Tigran Davtyan signed an agreement on providing Armenia the 15-year loan to support the Armenian economy during the crisis. Credit, which Armenia receives in one tranche, is provided at a reduced rate, approximately 4 per cent annually with a five-year preferential period.   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. |
