Armenia to get extra 20 million euro from KfW

PanARMENIAN.Net - Mortgage credits total AMD 84 billion in Armenia, Central Bank chairman Arthur Javadyan said.



He also informed that KfW's program implemented through the German-Armenian Fund has 1 million euro balance and negotiations for extra 20 million euro are underway.



"There is another program envisaging creation of mortgage fund with AMD 5 billion as initial capital," he said.
 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
---