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.