  Armenian farmers to get AMD 7,5 bln concessional loans in 2012 March 29, 2012 - 17:47 AMT PanARMENIAN.Net - On March 29, during a meeting in Armenia’s Kotayk province government amended the decision on specification of funding mechanisms in the framework of the program “"Economy Stabilization Lending.” In this context, Prime Minister of Armenia Tigran Sargsyan noted that the government granted concessional loans to farmers at the amount of AMD 14 bln. last year. “This year we will allocate extra AMD 7,5 bln.,” he said. Farmers of Kotayk province also benefited from the concessional loans, with the 90 % of the applications granted. In 2011, the maximum amount of concessional loans for farmers totaled AMD 3 mln, with 14 % interest rate, 6-month grace period and up to 2 years maturity.   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 Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
