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PRIME MINISTER OF ARMENIA: KEY GOAL OF PROVIDING BUDGETARY LOANS TO MINING ENTERPRISES IN ARMENIA IS TO BOOST EXPORT
ArmInfo
2009-06-29 13:43:00
ArmInfo. The key goal of providing budgetary loans to mining
enterprises in Armenia is to boost export, Prime Minister of Armenia
Tigran Sargsyan said during his visit to Agarak Copper and Molybdenum
Plant as part of the governmental visiting session in Syunik.
Previously the governmental visiting session in Kapan adopted a
decision to provide budgetary loans for a total of $44 million to
three Armenian mining companies: Zangezour Mining, Armenian Molybdenum
Production and Agarak Copper and Molybdenum Plant. 'Our goal is to
help these enterprises grow export and reduce cost of work', the
premier said.
The loans are provided for acquisition of industrial equipment. The
enterprises provided their production capacities as a pledge
security. 'We estimate the ratio of the loans to the cost of the
ypnotherapy value nearly at 30%. Thus, we insure our funds of the
one hand and provide the enterprises a good opportunity to increase
their competitiveness on the other hand', the premier said.
Zangezour Mining and Armenian Molybdenum Production will receive by
$15 million loans at the semiannual Libor+7 pct and Agarak Copper
and Molybdenum Plant will be provided $14 million at the semiannual
Libor+8pct. The loans are co-lent from the Russian $500 million
stabilization loan.
ArmInfo
2009-06-29 13:43:00
ArmInfo. The key goal of providing budgetary loans to mining
enterprises in Armenia is to boost export, Prime Minister of Armenia
Tigran Sargsyan said during his visit to Agarak Copper and Molybdenum
Plant as part of the governmental visiting session in Syunik.
Previously the governmental visiting session in Kapan adopted a
decision to provide budgetary loans for a total of $44 million to
three Armenian mining companies: Zangezour Mining, Armenian Molybdenum
Production and Agarak Copper and Molybdenum Plant. 'Our goal is to
help these enterprises grow export and reduce cost of work', the
premier said.
The loans are provided for acquisition of industrial equipment. The
enterprises provided their production capacities as a pledge
security. 'We estimate the ratio of the loans to the cost of the
ypnotherapy value nearly at 30%. Thus, we insure our funds of the
one hand and provide the enterprises a good opportunity to increase
their competitiveness on the other hand', the premier said.
Zangezour Mining and Armenian Molybdenum Production will receive by
$15 million loans at the semiannual Libor+7 pct and Agarak Copper
and Molybdenum Plant will be provided $14 million at the semiannual
Libor+8pct. The loans are co-lent from the Russian $500 million
stabilization loan.