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    Emil Lazarian
  • 17 years ago
    • Categories: News

Nagorno-Karabakh Government Establishes Order Of Granting Housing Cr

NAGORNO-KARABAKH GOVERNMENT ESTABLISHED ORDER OF GRANTING HOUSING CREDITS

DeFacto Agency
Feb 28 2008
Armenia

YEREVAN, 28.02.08. DE FACTO. The Nagorno-Karabakh Republic government
established the order of the state support’s granting for purchasing
housing via hypothec credits.

According to the information DE FACTO received at the NKR government’s
press office, the credits will be granted within 20 years at an
annual rate of 12 percent. The NKR Investment fund will pay off the
half of the rate. Besides, it has been envisaged that the state will
also grant almost 50 percent of the sum as no interest credit.

The NKR government has also made a decision to prolong the terms
of the housing’s privatization for 2 years more. At present about 8
percent of the Republic’s Housing Fund has not been privatized yet.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS
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