  WB to allocate $24mln to Armenia for EIC Project April 15, 2011 - 15:11 AMT PanARMENIAN.Net - During the April 15 extraordinary sitting, the Armenian parliament started discussion of a loan agreement for the E-Society and Innovation for Competitiveness (EIC) Project. The loan agreement was signed by the Armenian government and International Bank for Reconstruction and Development on January (IBRD) 26. Advisor to the Armenian Minister of Economy Vahe Danielyan said in the parliament that the World Bank will allocate $24mln for the EIC Project, while the Armenian government - $6mln. According to Danielyan, the agreement envisages allocation of the loan funds for the development of information technologies, telecommunication and education. The loan will be provided to Armenia for a ten-year term on attractive terms.   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 |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
