  Armenia to be granted Russian "stabilization" loan late May or early JuneMarch 27, 2009 - 11:33 AMT PanARMENIAN.Net - Armenia will be granted a $500 million "stabilization" loan from the Kremlin in late May or early June, said a spokesperson for the RA Ministry of Finance.The final agreement on terms of transfer will be signed in late April, Irina Aivazyan said. The preliminary agreement supposes a state loan with a 15 year maturity, including 4 years of grace period and Libor+3 interest rate. The loan is granted to alleviate consequences of the global crisis in the republic.   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 |  Related sections Latest news Freedom House: “Why are there no Armenians in Nagorno Karabakh?”  Freedom House has published a report summary titled “Why are there no Armenians in Nagorno Karabakh?”Armenia says wants expanded transport, energy connectivity Pashinyan says Armenia is interested in the expansion of connectivity in transport, energy, telecommunications and other directions.Aliyev: Change in Armenia’s Constitution key for singing peace deal Ilham Aliyev has declared that most important condition for signing a peace agreement is for Armenia to change its Constitution.U.S. sees “extraordinary” opportunity for peace between Armenia, Azerbaijan U.S. Secretary of State Antony Blinken believes there is an “extraordinary” opportunity to reach a peace agreement between Armenia and Azerbaijan. |
