RUSSIAN LOAN TO ARMENIA IN HALF WAY
500 million stability loan provided by Russia to Armenia will most probably reach our country in the end of May or in the beginning of June, Irina Ayvazyan, the press secretary of the Ministry of Finance told Panorama.am. The stability loan has a special mission to contribute to overcome the impact of the world financial crisis.
It is important to remind that the Prime Ministers of Russia and Armenia have agreed in Moscow, on 27 February the conditions of providing the loan. The Prime Minister of Russia Vladimir Putin announced that it was important first to have the changed state budget confirmed by the State Duma in order they could continue the negotiations.
According to I. Ayvazyan the budget should be confirmed in April and in May or June they will sign the contract of providing it.