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    Emil Lazarian
  • 15 years ago
    • Categories: News

Government Provides 6th State Guarantee For Construction With 20 Bil

GOVERNMENT PROVIDES 6TH STATE GUARANTEE FOR CONSTRUCTION WITH 20 BILLION AMD INVESTMENT

ARMENPRESS
Aug 27, 2009

YEREVAN, AUGUST 27, ARMENPRESS: The Armenian government decided at
its today’s session to provide state assistance to "AVO" company for
finishing construction of building in Yerevan Abovian Street.

Finance Minister Tigran Davtyan said today at the session that with
the state guarantee the company will be able to involve 2 million
USD loan from the Armenian Business Bank with 3-year pay back.

The minister said that this is one of the events of the anti-crisis
program of the government. According to a decision of the government,
the latter is ready to provide budget guarantees so that construction
companies which made over 20 billion AMD investment be able to
involve loans from the Armenian trade banks. This is the 6th such
like guarantee provided by the Armenian government.

Tigran Davtyan expressed hope that these events will give an
opportunity to activate the construction sphere and as a result
increase the GDP volume.

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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