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Overdue Loans Of1.5 Billion

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  • Overdue Loans Of1.5 Billion

    OVERDUE LOANS OF1.5 BILLION

    KarabakhOpen
    30-01-2008 13:34:42

    On January 29 Prime Minister Ara Harutiunyan held a meeting on overdue
    loans. By preliminary calculations, the volume of overdue loans totals
    1.5 billion drams.

    The prime minister stated that recently a special commission has been
    set up to study and tackle the problem of overdue loans. The relevant
    agencies have been instructed to make the list of major borrowers
    within a ten days time.

    The prime minister also drew attention to overdue rents, which total
    243 million drams. It was noted that in case of repayment by November
    1 there will be no fines. The farmers whose crops were damaged by
    fire will not be fined.
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