Armenia's mining industry to receive $44 million.June 26, 2009 - 16:47 AMT PanARMENIAN.Net - The purpose of the government sitting in Syunik region is to find solutions to current problems of the region, RA prime minister Tigran Sargsyan said. Members of the Armenian Government familiarized with the social and economic situation of the region. After the governor of Syunik Suren Khachatryan presented a report, members of the government started discussing the regional issues on the agenda. The prime minister made a decision to approve the program on Syunik social economic development over 2010-2013. To intensify the metal mining industry of the region the Armenian government made a decision to provide with loans 'Zangezur Мining' (for 5 year term), 'Armenian Мmolybdenum Production' (for a 5 year term) and 'Agarak Copper Molybdenum Plant' (for a 4 year term). On the whole, 44 million dollars will be allocated from the state budget. The Prime minister particularly mentioned, that the amount is provided from the Russian credit and will help to improve social and economic life of Syunik region and to alleviate the consequences of the global financial crisis. 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”. |