Armenia to provide additional $28 million to KarabakhOctober 28, 2021 - 15:47 AMT PanARMENIAN.Net - 13.5 billion drams ($28 million) will be provided to Artsakh (Nagorno-Karabakh), according to a decision approved by the government on Thursday, October 28. The funds include an interstate loan in the amount of AMD 12.2 billion, while AMD 1.3 billion will go to the residents' utility reimbursement program The loan has an annual interest rate of 0,001%, with a repayment period by January 1, 2025, the Finance Minister added. In the post-war period, Armenia has already transferred some AMD 120 billion ($250 million) to Artsakh since 2020. The funds will be spent on restoring life in Artsakh, revitalizing the economy and solving the social problems of the displaced population. 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 | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |