Armenia to receive resources from EurAsEC to recover economyJuly 2, 2009 - 22:07 AMT PanARMENIAN.Net - Armenia is interested in resources of EurAsEC anti-crisis Foundation for implementation of economic projects, RA prime minister Tigran Sarkisyan said today at the government sitting.According to prime minister, $10 billion will be accumulated in the Foundation and Armenia should use this opportunity to attract additional financing. The problem is in absence of good projects to submit to EurAsEC anti-crisis Foundation for financing, Tigran Sargsyan said. An interdepartmental working group was established by prime minister's decision, which discusses the possible projects and two programs in energy and chemistry have been already submitted. The EurAsEC anti-crisis fund will amount $10 billion. Russia will contribute $7.5 billion, Kazakhstan will allocate $1 billion, the rest $1.5 will be allocated by other members. Kyrgyzstan, Tajikistan and Armenia are pledged to contribute $1 million each. 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”. |