Announcement

Collapse
No announcement yet.

Finance Min: Russia To Provide $500 Mln Loan To Armenia This Week

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Finance Min: Russia To Provide $500 Mln Loan To Armenia This Week

    FINANCE MIN: RUSSIA TO PROVIDE $500 MLN LOAN TO ARMENIA THIS WEEK

    Prime-Tass English-language Business Newswire
    May 27, 2009 Wednesday 12:17 PM EET


    Russia will provide a U.S. $500 million 15-year loan to Armenia at
    an annual interest rate of 3% over Libor this week, Russian Deputy
    Prime Minister and Finance Minister Alexei Kudrin said late Tuesday,
    ITAR-TASS reported.

    The agreement to provide the loan, which has a 5-year grace period,
    was signed on May 20 by Kudrin and Armenian Finance Minister Tigran
    Davtyan.

    Armenia plans to use the funds to stimulate the development of
    the country's economy, as well as finance infrastructure projects
    and support the development of small- and medium-sized businesses,
    according to earlier reports.

    From: Emil Lazarian | Ararat NewsPress
Working...
X