ARMENIAN GOVERNMENT TAKES A DECISION ON ALLOCATION OF BUDGETARY CREDIT GUARANTEES WORTH A TOTAL OF 6.6 MLN USD TO THREE CONSTRUCTION COMPANIES

ArmInfo
2009-06-29 17:38:00

ArmInfo. The Armenian government took a decision to allocate budgetary
credit guarantees worth a total of 6.6 mln USD to three construction
companies. The decision was taken during the guest sitting of the
government in Kapan. "Levon Amirkhanyan" LLC was provided a guarantee
worth 960 mln AMD to receive a loan from Prometey Bank, "M.G.Housing"
LLC was provided 3 mln USD to receive a loan from Inecobank, "Hermek"
LLC – guarantee worth 1 mln USD to receive a loan from VTB Bank
Armenia. All the guarantees were provided for 3 years. The specified
companies are carrying out construction in multi-functional buildings
in the center of Yerevan. The construction companies will pawn the
land plots where the construction is being carried out. To recall,
earlier Glendale Hills company, which is implementing construction
work in the disaster area, received a budget guarantee worth 2 bln AMD.