Russian stabilization loan mostly directed for earthquake zone rehabilitationOctober 6, 2010 - 18:12 AMT PanARMENIAN.Net - Armenian Minister of Finance Tigran Davtyan said that AMD 80bln out of AMD 185bln (USD 500mln) Russian stabilization loan were directed for construction works in the earthquake zone. Another AMD 27bln will be allocated for the earthquake zone rehabilitation in 2011, Davtyan told journalists on October 6. Besides, AMD 65bln from the Russian stabilization loan were directed for financing small and medium business through banks. 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 | Armenia, Turkey discuss restoration of historic bridge The meeting took place on May 17 in Ashgabat on the sidelines of an international conference of ministers of culture. EU welcomes Armenia-Azerbaijan “progress” The EU has welcomed “progress” made in the framework of the Armenia-Azerbaijan border delimitation process. Belarus opposition leader slams Lukashenko for Karabakh trip Belarusian opposition politician Sviatlana Tsikhanouskaya has harshly criticized the visit of Lukashenko to Karabakh. Mkhitaryan raises arrest of former Karabakh leaders in Azerbaijan Inter Milan star Henrikh Mkhitaryan has shared a news story about the extension of the arrest of former Karabakh leaders. |