Armenian farmers to benefit from preferential loansAugust 24, 2012 - 19:55 AMT PanARMENIAN.Net - 35 600 farmers have already benefited from government-allocated agriculture preferential loans, Agriculture Minister said. Sergo Karapetyan noted that starting from September, Armenian farmers will get preferential loans at the amount of AMD 7,5 bln. He further said that the program will bear a consistent nature, with loan terms probably to be reconsidered to boost their accessibility for villagers. In 2011, preferential loans at the amount of AMD 17,4 bln. were allocated to 25 200 farmers in two stages, with 9 100 beneficiaries having received AMD 7,4 bln. subsidized loans in 2012 The maximum amount of preferential farm loans allotted totals AMD 3 mln with 14% lending rate, 6-month grace period and up to 2 years of maturity date with no early repayment penalties. 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 | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. 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. |