KfW German bank will provide 120 million euro funding to Armenia in 2010May 3, 2010 - 15:02 AMT PanARMENIAN.Net - KfW German bank will provide 120 million euro funding to Armenia in 2010, KfW first vice-president Roland Siller stated upon conclusion of a 19.5-million financing agreement with CBA president. KfW first vice-president noted that 20 million euro was already provided for mortgage credits during the current year. According to Mr. Siller, 30 million euro will be allocated to reconstruction of water supply in Vanadzor and Gyumri; 51 million euro will be provided for Vorotan hydroelectric power plant restoration. 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 | Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents. “By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. 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. |