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PROCEEDS FROM SALE OF EURO BONDS MUST BE DIRECTED TO ARMENIA'S INDUSTRY - ECONOMIST
October 11, 2013 | 14:44
YEREVAN. - The proceeds raised from euro bond sales must be directed
to the development of Armenia's industry, said head of the Union of
Domestic Goods Producers.
Vazgen Safaryan believes the funds can be used to build the second
energy unit of Yerevan thermal power plant and the complex on
processing of waste form Kajaran copper-molybdenum deposit. Additional
15,000 jobs will be created as compared with current 3,500.
Another program that could be financed through bonds is construction
of Vanadzor-Fioletovo railway which will considerably reduce the
distance from Yerevan to the Georgian border, he added.
Lending to small and medium-sized businesses is hardly profitable,
Safaryan added, because the interest rate is too high.
Armenian government released 700 million US$-denominated bonds in
September.
http://news.am/eng/news/175491.html
From: Emil Lazarian | Ararat NewsPress
October 11, 2013 | 14:44
YEREVAN. - The proceeds raised from euro bond sales must be directed
to the development of Armenia's industry, said head of the Union of
Domestic Goods Producers.
Vazgen Safaryan believes the funds can be used to build the second
energy unit of Yerevan thermal power plant and the complex on
processing of waste form Kajaran copper-molybdenum deposit. Additional
15,000 jobs will be created as compared with current 3,500.
Another program that could be financed through bonds is construction
of Vanadzor-Fioletovo railway which will considerably reduce the
distance from Yerevan to the Georgian border, he added.
Lending to small and medium-sized businesses is hardly profitable,
Safaryan added, because the interest rate is too high.
Armenian government released 700 million US$-denominated bonds in
September.
http://news.am/eng/news/175491.html
From: Emil Lazarian | Ararat NewsPress