  Armenia to provide additional $28 million to Karabakh October 28, 2021 - 15:47 AMT PanARMENIAN.Net - 13.5 billion drams ($28 million) will be provided to Artsakh (Nagorno-Karabakh), according to a decision approved by the government on Thursday, October 28. The funds include an interstate loan in the amount of AMD 12.2 billion, while AMD 1.3 billion will go to the residents' utility reimbursement program The loan has an annual interest rate of 0,001%, with a repayment period by January 1, 2025, the Finance Minister added. In the post-war period, Armenia has already transferred some AMD 120 billion ($250 million) to Artsakh since 2020. The funds will be spent on restoring life in Artsakh, revitalizing the economy and solving the social problems of the displaced population.   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 |  Latest news European Parliament to discuss repression in Azerbaijan  The European Parliament will discuss repression of civil society in Azerbaijan on April 24PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE.Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide.Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |
