Armenia to provide over $19M annually to Karabakh for 10 years

Armenia to provide over $19M annually to Karabakh for 10 years

PanARMENIAN.Net - Armenia will provide AMD 10 billion (over $19 million) annually to Artsakh (Nagorno-Karabakh) for 10 years to help the country overcome the consequences of the war, Arka.am reports.

The Cabinet on Thursday, April 22 approved the signing of a financial agreement between Armenia and Artsakh.

Minister of Labor and Social Affairs Mesrop Arakelyan said the funds will be allocated to legal entities and individuals who lost property, housing, cars and trucks, agricultural and construction equipment, fixed assets used for running businesses, livestock, apiaries, fruit and grape gardens.

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