Germany to extend 74 mln. euro credit to ArmeniaFebruary 25, 2009 - 20:45 AMT PanARMENIAN.Net - Two-day Armenian-German governmental consultations kicked off in Yerevan on Wednesday, reported the press office of the Armenian Ministry of Finance.The Armenian-German cooperation has three main dimensions: financial and private sector, energy and water supply. More modest projects are implemented in healthcare and ecology sectors. The current consultations will focus on the operating and planned programs. The 2008 cooperation agreement includes implementation of hypothec market program (6 mln. euro), construction of Vorotan series of hydroelectric power plants (29 mln. euro), reconstruction of high-voltage power plant in Gyumri (14.6 mln. euro), construction of Armenia-Georgia high-voltage power line (20.4 mln. euro), implementation of second stage of Restoration of Community Infrastructure program (3 mln. euro), implementation of second stage of tuberculosis healing program (1 mln. euro). The funds are allocated by the German government at reduced tariffs with a 40-year term and 0,75% interest. The amount of German assistance to Armenia has totaled 235 mln. euro, 195 mln. of which are credits and 40 mln. are grants. 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 | Putin congratulates Pashinyan’s birthday Russian President Vladimir Putin congratulated Armenian Prime Minister Nikol Pashinyan on his birthday on June 1. Opposition motorcade en route to Gyumri for large rally A motorcade of protesters headed by Archbishop Bagrat Galstanyan is heading to the city of Gyumri. Ruling MPs, Foreign Minister talk Armenia-Azerbaijan processes MOs from the ruling Civil Contract party met with the Foreign Minister Ararat Mirzoyan in the Armenian parliament. Russia: Armenia’s frozen membership weakens CSTO position in Caucasus A Russian envoy said any step that could alienate the CSTO member states from each other is “deeply wrong”. |