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Haykakan Zhamanak: Floating Credit To Armenia

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  • Haykakan Zhamanak: Floating Credit To Armenia

    HAYKAKAN ZHAMANAK: FLOATING CREDIT TO ARMENIA

    Panorama.am
    10/07/2012

    Haykakan Zhamanak, citing its sources close to Russian government,
    reports that Armenian authorities are holding unofficial talks with
    Russian government over provision of large-scale credit to Armenia.

    The negotiated sum may fluctuate from 800 million to one billion US
    dollars. The Armenian side is ready to take the sum with a high and
    fluctuating interest rate, i.e. the interest rate will depend on the
    situation in the international market.

    The sources also say that the Armenian side seeks to get at least
    part of the credit by the end of the year, due to the forthcoming
    presidential elections in 2013.


    From: Baghdasarian
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