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Prime Minister Acknowledged How He Is Going To Supervise The 500 Mil

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  • Prime Minister Acknowledged How He Is Going To Supervise The 500 Mil

    PRIME MINISTER ACKNOWLEDGED HOW HE IS GOING TO SUPERVISE THE 500 MILLION DOLLARS FROM RUSSIA

    armradio.am
    21.05.2009 14:38

    The financial World Crisis still disturbs the minds of the Armenian
    officials. In the last period much is spoken about this crisis. Even
    the governmental session of today was no exception. The Prime minister
    acknowledged how he is going to supervise the 500 Million Dollars
    from Russia.

    For this state-credit, 500 Million Dollars from Russia, Armenia was
    waiting already a long time.

    The predictions were different. Today we already know that the finance
    ministers of Russia and Armenia Alexey Kudrin and Tigran Davtyan have
    signed together the contract 'about the issuance of credits to the
    Republic of Armenia from the Russian Federation' in Moscow, thanks
    to which the Russian sight will hand over 500 Million Dollars as a
    credit to Armenia for a term of 15 years, 4 of which are privileged,
    to straighten the situation of the financial world crisis.

    Like also the other credits, the major part of the Russian credit
    will be also handed over for the development of the small and middle
    Businesses and the rest to the Bank-credit services.
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