ARMENIA TO APPLY FOR ADDITIONAL $100 LOAN FROM RUSSIA
Aysor
Dec 25 2009
Armenia
Armenia’s Prime Minister Tigran Sarkisian said at today’s press
conference the government had applied to Russia for a $100 million
loan for diamond cutting industry.
So, in case of successful negotiations with Russian government and
Russian Alrosa Company, the loan will be directed to improvement
of the diamond cutting industry, in particular, for creating the
necessary conditions and modern equipment in this sphere, supplying
with Russian raw materials, and some other activities.
Mainly, burden will fall on private sector, according to Prime
Minister. "We do not plan any other loan from Russia," he said.
Referring to a 185 billion drams loan from Russia, Prime Minister
said 45 billion drams were directed to construction works in damaged
zones of the Spitak Earthquake, an AMD 90 billion loan is directed
for small and medium business, and some 54 billion drams are deposited
at the Armenian Central Bank’s stabilization fund.