Armenia's mining industry to receive $44 million.June 26, 2009 - 16:47 AMT PanARMENIAN.Net - The purpose of the government sitting in Syunik region is to find solutions to current problems of the region, RA prime minister Tigran Sargsyan said. Members of the Armenian Government familiarized with the social and economic situation of the region. After the governor of Syunik Suren Khachatryan presented a report, members of the government started discussing the regional issues on the agenda. The prime minister made a decision to approve the program on Syunik social economic development over 2010-2013. To intensify the metal mining industry of the region the Armenian government made a decision to provide with loans 'Zangezur Мining' (for 5 year term), 'Armenian Мmolybdenum Production' (for a 5 year term) and 'Agarak Copper Molybdenum Plant' (for a 4 year term). On the whole, 44 million dollars will be allocated from the state budget. The Prime minister particularly mentioned, that the amount is provided from the Russian credit and will help to improve social and economic life of Syunik region and to alleviate the consequences of the global financial crisis. 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 | Pashinyan’s spokesperson denies intention to visit Baku for COP29 Pashinyan’s agenda doesn’t include a trip to Baku for the COP29 conference, his press secretary Nazeli Baghdasaryan has said. Russia accuses West of preparing invasion of CSTO countries NATO is preparing an invasion of the CSTO countries, the number of provocations in the air is growing, Sergei Shoigu has said. Lithuania sending €100,000 to help Armenia fight floods consequences Armenian Prime Minister Nikol Pashinyan took to social media to thank his Lithuanian counterpart for the contribution. Armenia: Rescue workers restore pedestrian bridge for flood-hit community Rescue workers on Wednesday, June 5 restored a pedestrian bridge in the town of Alaverdi in Armenia’s north. |