All news related to government

Government to subsidize loans on intensive gardening

21.12.2017 17:47

Government to subsidize loans on intensive gardening

YEREVAN, December 21. /ARKA/. The government of Armenia has approved today a pilot program designed to subsidize interest rates on loans to be provided to farmers engaged in intensive gardening.
The government said it has earmarked a total of 1.7 billion drams ($3.5 million) for subsidizing the loans which are supposed to total 4.4 billion drams ($9.2 million) to be provided from 2018 to 2024.

The loans will be provided with a seven-year repayment period at the annual rate of 14%. Due to government subsidies, the real rate will be 5%.

According to the government, in 2016 orchards in Armenia made about 40.5 thousand hectares. The government says that as a result of the pilot program’s implementation the area under ​​intensive gardening will grow by 200 hectares.

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Armenian government and Germany’s KfW sign € 23.8-million agreements

19.12.2017 14:40

Armenian government and Germany’s KfW sign € 23.8-million agreements

The Armenian government and German Development Bank (KfW) signed two agreements on Monday as Karen Karapetyan, Armenian prime minister, meet with German Development Bank (KfW) Regional Director Olaf Zimelka

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Armenian government’s external debt up 5.5 percent in 9 months

04.12.2017 15:34

Armenian government’s external debt up 5.5 percent in 9 months

Armenian government’s aggregate external debt stood at $5.067.8 billion at the end of September, an increase of 5.5%, when compared to the beginning of the year, according to the numbers, released by the National Statistical Service (NSS)

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Armenian government will not make new issue of Eurobonds

25.09.2017 17:42

Armenian government will not make new issue of Eurobonds

The government of Armenia has no plans to make a new issue of USD-denominated Eurobonds, finance minister Vardan Aramyan said at a press conference on Monday

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Government to lower rates on subsidized loans

26.07.2017 18:58

Government to lower rates on subsidized loans

The government of Armenia is going to lower the rates on subsidized loans provided to farmers and also increase the related financing, Deputy Minister of Agriculture Robert Makaryan told journalists on Wednesday

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EBRD-managed fund to provide grant for construction of eu-compliant facility

30.06.2017 22:27

EBRD-managed fund to provide grant for construction of eu-compliant facility

Supporting Armenia’s effort to become greener, the E5P fund is co-financing the construction of a new landfill for solid waste for the Gegharkunik and Kotayk regions with a €2 million grant

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Government to cut spending and increase reserve fund

01.12.2016 18:29

Government to cut spending and increase reserve fund

The Armenian government has approved on Thursday a set of changes to its draft 2017 budget, proposed by finance minister Vardan Aramyan

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Armenian government to auction companies with state capital

11.11.2016 11:34

Armenian government to auction companies with state capital

The government of Armenia will put up companies with state capital to public auctions, Prime Minister Karen Karapetyan told a Cabinet meeting today

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Armenian parliament okays government’s policy program

21.10.2016 17:29

Armenian parliament okays government’s policy program

By a vote of 85 to 7 and six abstentions Armenia’s National Assembly has approved today the new government’s policy program

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Armenian government may move state debt-GDP ratio ceiling up to create room for new debts

26.08.2016 16:11

Armenian government may move state debt-GDP ratio ceiling up to create room for new debts

The necessity of amending the law on Armenia’s state debt is being discussed now as part of the development of the government budget for 2017, and these changes are essential, Haykakan Zhamanak reports referring to its sources

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