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RA Government To Provide AMD20 Billion State Guarantees For Builders

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  • RA Government To Provide AMD20 Billion State Guarantees For Builders

    RA GOVERNMENT TO PROVIDE AMD20 BILLION STATE GUARANTEES FOR BUILDERS

    PanARMENIAN.Net
    10.04.2009 12:01 GMT+04:00

    /PanARMENIAN.Net/ The Armenian government has announced launch of
    AMD 20-billion building program to provide developers with 3-year
    credit guarantees.

    The amount of the guarantee will not exceed 35 percent of market
    value of the property in pledge.

    Degree of facility availability should not be less that 75 percent.
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