Armenia will offer interest-free loans within coronavirus aid packageMarch 19, 2020 - 12:30 AMT PanARMENIAN.Net - The government on Thursday, March 19 discussed issues related to the settlement of the economic crisis caused by the novel coronavirus. Prime Minister Nikol Pashinyan unveiled the details of an economic aid package introduced the day before. A portion of the package will be used for business loans, he said, with the government and banks sharing the financing. The government will provide funds interest-free and subsidize those provided by the banks and credit organizations, which means borrowers will receive loans completely interest-free. The money can be spent on paying salaries and taxes, purchasing and importing raw materials or equipment, covering electricity, water and gas costs Pashinyan on Wednesday announced a AMD 150 billion ($305 million) economic aid package aimed at easing the impacts of the novel coronavirus. Armenia declared a 30-day state of emergency on Monday and banned citizens of 16 nations from entering the country. So far, one person has recovered from the coronavirus and 115 cases have been confirmed overall in the country. 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 | Ucom launches network modernization efforts in few regions of Armenia In particular, on March 28, the legacy Mobile Switching Subsystem will be replaced with a new one. Baku: EU, U.S. share responsibility for Armenia’s “destabilizing actions” Azerbaijan has declared that the European Union and the United States will share responsibility for any destabilizing actions of Armenia Armenia to sing in 2nd semi-final of Eurovision The organizers of Eurovision 2024 have revealed the running order of the countries in the two semi-finals. Azerbaijan accuses Armenia of arming Karabakh after 2020 Azerbaijan has accused Armenia of “illegally transported ammunition” to Nagorno-Karabakh after the November 9 statement. |