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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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“The investments will be spent to build a canning factory and slaughterhouses, expand greenhouse farms,” Ignati Arakelyan said.
The funding will go to a subsidiary of ContourGlobal, an international power-generation company that acquired the Vorotan Cascade in 2015.
"We are yet unable to disclose the names of companies we are conducting negotiations with," Satenik Hovhannisyan said.
1,259,657 tourists have arrived in Armenia in January-December 2016, the National Statistical Service said, up by 5,7% on the year before.
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