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Georgia pays debts to Armenia

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  • Georgia pays debts to Armenia

    RosBusinessConsulting Database
    July 29, 2004 Thursday 11:54 am, EST

    Georgia pays debts to Armenia


    The Georgian government has paid $5.8m in fines and interests of its
    debt to Armenia for the period from 2003 to May 2004, Armenian
    Finance Minister Vardan Khachatrian told journalists, the ARKA news
    agency reported. According to him, a bilateral commission that will
    discuss all debt issues has been created.

    Georgia's state debt to Armenia is $19.5m. Moreover, Georgian energy
    enterprises own $4m to Armenian energy companies.
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