KfW German bank will provide 120 million euro funding to Armenia in 2010May 3, 2010 - 15:02 AMT PanARMENIAN.Net - KfW German bank will provide 120 million euro funding to Armenia in 2010, KfW first vice-president Roland Siller stated upon conclusion of a 19.5-million financing agreement with CBA president. KfW first vice-president noted that 20 million euro was already provided for mortgage credits during the current year. According to Mr. Siller, 30 million euro will be allocated to reconstruction of water supply in Vanadzor and Gyumri; 51 million euro will be provided for Vorotan hydroelectric power plant restoration. 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 | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |