// IP Marketing video - START// IP Marketing video - END

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.

 Top stories
The financing will be directed to energy efficiency, renewable energy, agribusiness, food processing, education and healthcare projects.
Gazprom supplies gas to Armenia through Georgia, but the transit agreement expires at the end of 2016, and Gazprom is keen to reduce the fee.
A proposal made at a Cabinet session suggested that the watchdog apply differentiated rates for natural gas and electricity.
The M6 highway is a vital link connecting Armenia with Georgia and beyond, providing the shortest link between the respective capitals.
Partner news