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Armenian Government Takes A Decision On Allocation Of Budgetary Cred

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  • Armenian Government Takes A Decision On Allocation Of Budgetary Cred

    ARMENIAN GOVERNMENT TAKES A DECISION ON ALLOCATION OF BUDGETARY CREDIT GUARANTEES WORTH A TOTAL OF 6.6 MLN USD TO THREE CONSTRUCTION COMPANIES

    ArmInfo
    2009-06-29 17:38:00

    ArmInfo. The Armenian government took a decision to allocate budgetary
    credit guarantees worth a total of 6.6 mln USD to three construction
    companies. The decision was taken during the guest sitting of the
    government in Kapan. "Levon Amirkhanyan" LLC was provided a guarantee
    worth 960 mln AMD to receive a loan from Prometey Bank, "M.G.Housing"
    LLC was provided 3 mln USD to receive a loan from Inecobank, "Hermek"
    LLC - guarantee worth 1 mln USD to receive a loan from VTB Bank
    Armenia. All the guarantees were provided for 3 years. The specified
    companies are carrying out construction in multi-functional buildings
    in the center of Yerevan. The construction companies will pawn the
    land plots where the construction is being carried out. To recall,
    earlier Glendale Hills company, which is implementing construction
    work in the disaster area, received a budget guarantee worth 2 bln AMD.
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