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Finance Minister says Armenia’s national debt totals USD 4 bln

Finance Minister says Armenia’s national debt totals USD 4 bln

PanARMENIAN.Net - Armenia’s national dept currently grosses about USD 4 bln, Finance Minister said.

“The internal debt totals approximately half a billion, with the foreign debt making up about 3,4 bln,” Vache Gabrielyan said.

Today, on August 7, RA Finance Minister Vache Gabrielyan and head of European Investment Bank’s division for lending operations for East and Central Asia Heinz Olbers signed loan agreements, envisaging allocation of euro 6,5 million and 30,316 million for Armenian small community water programs and modernization of Bagratashen, Bavra and Gogavan check points respectively.

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He said that his government would also focus on fighting corruption and "eliminating all barriers that impede business from developing".
“We have a simple problem:we prepare 400-500 specialists each year, while there is demand for 2000 professionals," he said.
At Shirak airport in the northern Armenian town of Gyumri, traffic soared by 150% in the reporting period against 2016.
“The investments will be spent to build a canning factory and slaughterhouses, expand greenhouse farms,” Ignati Arakelyan said.
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