WB to allocate $24mln to Armenia for EIC ProjectApril 15, 2011 - 15:11 AMT PanARMENIAN.Net - During the April 15 extraordinary sitting, the Armenian parliament started discussion of a loan agreement for the E-Society and Innovation for Competitiveness (EIC) Project. The loan agreement was signed by the Armenian government and International Bank for Reconstruction and Development on January (IBRD) 26. Advisor to the Armenian Minister of Economy Vahe Danielyan said in the parliament that the World Bank will allocate $24mln for the EIC Project, while the Armenian government - $6mln. According to Danielyan, the agreement envisages allocation of the loan funds for the development of information technologies, telecommunication and education. The loan will be provided to Armenia for a ten-year term on attractive terms. 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 | Armenia-Qatar ties discussed in Doha The Secretary of Armenia’s Security Council met with the Deputy Secretary General of the National Security Council of Qatar. ARARAT special evening dedicated to Aznavour's 100th Anniv. On May 20 ARARAT legendary Armenian brandy, celebrated the centennial of Maestro Charles Aznavour with a special event. Surveying works underway in Armenia’s Kirants Surveying works are underway in the Armenian village of Kirants in the northern Tavush province. Armenia calls for prohibiting threats of attacks on nuclear facilities Armenia has raised the need for a treaty prohibiting attacks on nuclear facilities devoted to peaceful purposes. |