Subsidies under state program on assistance to young families totaled AMD 34.8mln in 2010January 15, 2011 - 13:07 AMT PanARMENIAN.Net - 232 loans at the total amount of AMD 34.8mln were subsidized in Armenia under the program on Affordable Housing for Young Families, according to the annual report of the RA Ministry of Finance. Earlier Head of the Department for Financial Markets Development at the RA Ministry of Finance Karen Tamazyan said that the average amount of provided loans made AMD 8.2mln, the average term of loans – 12.4 years, average interest rate – 10.3%. In 2010, the government reviewed the terms for lending under the program and other changes are not expected within the upcoming years. Specifically, the state’s assistance for residents of regions used to total 2% out of the granted loan, while currently this figure makes 4%. Besides, the initial installment for a dwelling in Armenia’s regions will total 10% against previous 30%. 13 Armenian banks and 3 credit organizations participate in Affordable Housing for Young Families program. 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. |