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.