Affordable Housing for Young Families program fund to reach AMD 4bln in 2011January 20, 2011 - 12:53 AMT PanARMENIAN.Net - During the January 20 government sitting, Armenian Minister of Finance Vache Gabrielyan said that 223 loans at the total amount of AMD 1.7bln were allocated in Armenia in 2010 under Affordable Housing for Young Families program, with the state subsidies amounting to AMD 35mln. According to Gabrielyan, in 2011 the amount of state subsidies will make AMD 88mln, of which AMD 22mln will be allocated in the first quarter of 2011, with taking into consideration the revised terms for residents of the country’s regions. Gabrielyan added that, according to the ministry’s calculations, 300 loans will be allocated in 2011, while the program fund will be increased by AMD 1bln to reach AMD 4-4.5bln. 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 | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |