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RA GOVERNMENT GRANTS $500 MILLION BUDGET GUARANTEE TO STILL ANOTHER CONSTRUCTION COMPANY
/PanARMENIAN.Net/
19.11.2009 15:54 GMT+04:00
/PanARMENIAN.Net/ On November 19, RA government passed a resolution to
grant USD 500 million budget guarantee to Norashen company in order
to complete construction works started. Mortgage agreement will be
signed to guarantee the return of means granted.
Commenting on the resolution, RA Prime Minister Tigran Sargsyan noted
that similar budget guarantees are provided to construction companies
on stringent conditions (with 50% of construction works terminated).
Beside, the Premier noted that Armenian government has already granted
a total of AMD 3.5 billion budget guarantee as well as around AMD
12 billion mortgage crediting to create additional activity on real
estate market.
According to Prime Minister, budget guarantees provided are monitored
by the public; full reports are available at RA government's official
website.
From: Emil Lazarian | Ararat NewsPress
/PanARMENIAN.Net/
19.11.2009 15:54 GMT+04:00
/PanARMENIAN.Net/ On November 19, RA government passed a resolution to
grant USD 500 million budget guarantee to Norashen company in order
to complete construction works started. Mortgage agreement will be
signed to guarantee the return of means granted.
Commenting on the resolution, RA Prime Minister Tigran Sargsyan noted
that similar budget guarantees are provided to construction companies
on stringent conditions (with 50% of construction works terminated).
Beside, the Premier noted that Armenian government has already granted
a total of AMD 3.5 billion budget guarantee as well as around AMD
12 billion mortgage crediting to create additional activity on real
estate market.
According to Prime Minister, budget guarantees provided are monitored
by the public; full reports are available at RA government's official
website.
From: Emil Lazarian | Ararat NewsPress