RA government to grant $40 million budget loan to ArmRosgazpromOctober 1, 2009 - 18:49 AMT PanARMENIAN.Net - The Armenian government decided to grant a $40 million budget loan to ArmRosgazprom CJSC. The sum will be allocated for 6-month term with 11% interest rate."The company is successfully implementing its program and the loan will speed up the process," Armenian Prime Minister Tigran Sargsyan said. He also said that the loan is an anti-crisis measure as well. 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 |