AMD 95 bln in credits allocated to Armenia’s agriculture sector as of Sept 2011October 11, 2011 - 16:36 AMT PanARMENIAN.Net - As of September 2011, AMD 95 bln in credits were allocated to Armenia’s agriculture sector, according to the deputy president of the Central Bank of Armenia. As Nerses Yeritsyan told a PanARMENIAN.Net reporter during Jermuk-hosted forum of Armenia’s rural communities, the sum above makes up 8% of the total investment credits. Availability of credits to rural communities, mortgage lending and deposit-related issues were discussed at the event. “Interesting offers on long-term crediting were advanced, necessitating formation of long-term programs,” Yeritsyan noted. “Promotion of financial literacy among farmers was also focused on, with commercial banks expressing readiness to assist rural communities in the matter,” Yeritsyan concluded. 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 | Greece says ready to help as Armenia fights flooding consequences Greece is ready to assist Armenia in combatting the consequences of deadly floods in the country’s north. “He will leave”: Protest leader no longer demands meeting with Pashinyan Archbishop Bagrat Galstanyan no longer demands a meeting with Armenian Prime Minister Nikol Pashinyan. 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. |