RA government to grant AMD 559 million loan to medium and small businessesApril 2, 2009 - 22:45 AMT PanARMENIAN.Net - In accordance with Governmental decree, National Center for Small and Medium-sized Business Development will be granted AMD 559 million loan, bail-free, with 0,001% of annual interest.State loan, secured on personal and real estate, will be granted to business entities with 12% of annual interest. Loan term is 5 years, with a 2-year grace period. Vayk Group and Concert, engaged in agricultural production proceeding, will be granted the state credit. 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 | Concept to complete Yerevan Cascade discussed at city hall A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte. Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province. €3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms. Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |