Armenia to receive 100 million euros from Germany in 2010January 21, 2010 - 14:34 AMT PanARMENIAN.Net - The Government of Armenia approved an agreement between Germany and Armenia on financial cooperation during the meeting on January 21. According to Deputy Finance Minister of Armenia, the chief treasurer Atom Janjughazyan , this agreement provides the financial help from the Federal Republic of Germany amounting to 100 million euros. 20 million euros will be directed to mortgage lending program, 22 million euros - to continue the program of Vorotan Cascade's Hydro Power Plant, 18 million euros - to finance programs in the field of renewable energy, 40 million euro - to the development of community infrastructure, as well as ecological programs. 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 | EU to provide budgetary support to Armenia The agreement is aimed at increasing the competitiveness of the educational system of Armenia. Aliyev: No peace treaty unless Armenia changes constitution Azerbaijan will not sign a peace treaty with Armenia unless the latter changes its constitution, Azerbaijani President Ilham Aliyev said. Azerbaijan proposes Armenia to jointly seek cancelation of Minak Group The Azerbaijani President maintained that the move will show “how sincere Armenia is.” Seven injured in massive gas station explosion in Armenia The Investigative Committee of Armenia has unveiled details about a massive explosion at a gas station on the Yerevan-Sevan highway. |