RUSSIAN LOAN TO ARMENIA IN HALF WAY

Panorama.am
14:09 26/03/2009

500 million stability loan provided by Russia to Armenia will most
probably reach our country in the end of May or in the beginning of
June, Irina Ayvazyan, the press secretary of the Ministry of Finance
told Panorama.am.

The stability loan has a special mission to contribute to overcome
the impact of the world financial crisis.

It is important to remind that the Prime Ministers of Russia and
Armenia have agreed in Moscow, on 27 February the conditions of
providing the loan. The Prime Minister of Russia Vladimir Putin
announced that it was important first to have the changed state
budget confirmed by the State Duma in order they could continue the
negotiations.

According to I. Ayvazyan the budget should be confirmed in April and
in May or June they will sign the contract of providing it.