Affordable Housing for Young Families program fund to reach AMD 4bln in 2011January 20, 2011 - 12:53 AMT PanARMENIAN.Net - During the January 20 government sitting, Armenian Minister of Finance Vache Gabrielyan said that 223 loans at the total amount of AMD 1.7bln were allocated in Armenia in 2010 under Affordable Housing for Young Families program, with the state subsidies amounting to AMD 35mln. According to Gabrielyan, in 2011 the amount of state subsidies will make AMD 88mln, of which AMD 22mln will be allocated in the first quarter of 2011, with taking into consideration the revised terms for residents of the country’s regions. Gabrielyan added that, according to the ministry’s calculations, 300 loans will be allocated in 2011, while the program fund will be increased by AMD 1bln to reach AMD 4-4.5bln. 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. |