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ARMENIAN LOBBY HAS BLOCKED US EXIM'S LOAN FOR FIRST TELECOMMUNICATIONS SATELLITE IN AZERBAIJAN
Azerbaijan Business Center
May 17 2011
Baku, Fineko/abc.az. The delegation of the Ministry of Communications &
Information Technology, headed by MCIT minister Ali Abbasov has left
for Washington.
The Ministry reports that the visit purpose is to clarify the
situation relating to the loan of the Export-Import Bank of the United
States (US Exim) for the project of launching the first national
telecommunications satellite Azerbaijan.
"As a result of misinformation spread by the Armenian lobby in the
U.S. regarding the launch of Azerbaijan satellite for intelligence
purposes, there appeared problems with obtaining the loan approved
this April," a MCIT source emphasized.
The loan agreement should have been signed until the end of May.
US Exim reports that the project was reviewed by the Board of
Directors as far back as on 13 January. The applicant for funding
was BNP Paribas.
The borrower is the MCIT International Relations/Accounting Centre
and the guarantor is the Ministry of Finance. American exporter is
Orbital Sciences Corporation and suppliers Honeywell International
Inc and Moog Inc.
From: A. Papazian
Azerbaijan Business Center
May 17 2011
Baku, Fineko/abc.az. The delegation of the Ministry of Communications &
Information Technology, headed by MCIT minister Ali Abbasov has left
for Washington.
The Ministry reports that the visit purpose is to clarify the
situation relating to the loan of the Export-Import Bank of the United
States (US Exim) for the project of launching the first national
telecommunications satellite Azerbaijan.
"As a result of misinformation spread by the Armenian lobby in the
U.S. regarding the launch of Azerbaijan satellite for intelligence
purposes, there appeared problems with obtaining the loan approved
this April," a MCIT source emphasized.
The loan agreement should have been signed until the end of May.
US Exim reports that the project was reviewed by the Board of
Directors as far back as on 13 January. The applicant for funding
was BNP Paribas.
The borrower is the MCIT International Relations/Accounting Centre
and the guarantor is the Ministry of Finance. American exporter is
Orbital Sciences Corporation and suppliers Honeywell International
Inc and Moog Inc.
From: A. Papazian