  Armenia to provide AMD 13.5 billion to Karabakh September 30, 2021 - 15:24 AMT PanARMENIAN.Net - The Armenian government has decided to allocate AMD 13.5 billion (around $27.5 million) to Artsakh (Nagorno-Karabakh). Finance Minister Tigran Khachatryan revealed on Thursday, September 30 that the funds include an interstate loan in the amount of AMD 12.2 billion, while AMD 1.2 billion will go to the residents' utility reimbursement program. Khachatryan said this is the government's fourth such decision, as Armenia has already transferred some AMD 100 billion ($203 million) to Artsakh since 2020. The loan has an annual interest rate of 0,001%, with a repayment period by January 1, 2025, the Finance Minister added.   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. |
