  China lends $25.3M for Armenia’s customs control systems upgrade March 20, 2015 - 10:44 AMT PanARMENIAN.Net - China will extend a preferential loan of 155.5 million yuans to Armenia (about $25.3 million) for modernization of customs control systems. On Thursday, March 19 at its regular session, the Armenian government approved the signing of a relevant agreement. Pavel Safaryan, Armenian deputy finance minister, will acquire necessary equipment from China, ARKA reports. “An equipment supply contract will be signed with China's Nuctech Company,” he said. “It will imply portable x-ray scanner for detecting explosives, weapons, drugs and other things with high smuggling risk.” According to the draft agreement the loan will be extended by the Export-Import Bank of China. The loan will be repaid in the Chinese yuan. The loan is extended for 20 years with a five-year grace period at 2% interest rate with 0.25% service fee.   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 |  Latest 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. |
