IFAD to finance Fruit Armenia OJSCAugust 26, 2010 - 18:57 AMT PanARMENIAN.Net - A $13.48mln loan and $500,000 grant will be allocated to Armenia under the agreement to facilitate poverty reduction in the country’s regions, the press service of the RA Ministry of Finance reported. The first component of the program envisages creation of Fruit Armenia OJSC and organization of fruit and nuts production in a sustainable manner. Investments will be made in Tavush, Vayots Dzor and Aragatsotn regions. The second component – Rural Infrastructure – envisages investments in water supply, natural gas supply and rural roads rehabilitation in seven regions of Armenia (Tavush, Syunik, Vayots Dzor, Gegharkunik, Armavir, Lori and Shirak.) The program implementation is expected to be launched in 2011 and completed in 2016. 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 | Lemkin Institute petition seeks release of Armenians in Azerbaijan The Lemkin Institute is deeply concerned about the continued illegal detention of political prisoners from Karabakh in Azerbaijan. Armenian Catholicos calls for national unity against threats Karekin II issued a message on Republic Day marking the anniversary of the First Armenian Republic. Pashinyan: Armenia’s desired goal is “on the horizon” Prime Minister Nikol Pashinyan has said that Armenia is moving forward “without interruption”. Opposition leader, supporters spend night at Sardarapat memorial Police made nearly 300 arrests the day before as Galstanyan and his supporters continued to demonstrate in Yerevan. |