KFW GERMAN BANK WILL PROVIDE 120 MILLION EURO FUNDING TO ARMENIA IN 2010

PanARMENIAN.Net
May 3, 2010 – 15:02 AMT 10:02 GMT

KfW German bank will provide 120 million euro funding to Armenia in
2010, KfW first vice-president Roland Siller stated upon conclusion
of a 19.5-million financing agreement with CBA president.

KfW first vice-president noted that 20 million euro was already
provided for mortgage credits during the current year.

According to Mr. Siller, 30 million euro will be allocated to
reconstruction of water supply in Vanadzor and Gyumri; 51 million euro
will be provided for Vorotan hydroelectric power plant restoration.