May 20, 2011 - 10:52 AMT
Armenian government extends AMD 50m for Isotope Production Center

On May 20, Armenian government passed a resolution to allocate AMD 50 million loan for Isotope Production Center construction design works.

According to Economy Minister Tigran Davtyan, the 10-year loan was extended on Libor+4 preferential terms, with repayment to start in 2015.

Prime Minister Tigran Sargsyan, in turn, emphasized the importance of formation of crediting center to extend crediting against security of Belgian government.