French Development Agency to allocate € 75 mln loan to ArmeniaNovember 26, 2015 - 13:54 AMT PanARMENIAN.Net - The Armenian government and the French Development Agency will sign a € 75 million loan agreement to finance the construction of Vedi reservoir, Panorama.am reports. According to Finance Minister Gagik Khachatryan, the project will help ease water scarcity in Ararat plain, as well as switch to automatic irrigation systems, which will, in turn, lead to energy savings. “The loan envisages a 20-year maturity date, including a 6-year grace period,” Khachatryan said. Prime Minister Hovik Abrahamyan said the government has declared the reservoir construction a key priority sector, ordering the heads of the agencies in charge to manage the technical part of the work as soon as possible to start the construction in February-March, next year. 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 | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |