13.06.2013 20:55
YEREVAN, June 13. /ARKA/. Some 10,000 farmers who have taken loans from banks were hit by hailstorms in May, Arthur Javadyan, the head of the Central bank of Armenia, said today at a on the Cabinet’s on-site meeting in Armavir province.
On May 12, hailstorms inflicted significant damage to 17,000 hectares of crop land in Armenia’s Armavir province. Crops in Shirak, Aragatsotn, Lori, Kotayk and Syunik provinces have been stricken by hail as well. Hail destroyed more than 50% of crop in 46 communities and inflicted a damage totaling AMD 25.3 billion.
The central bank head said that it has been arranged with the country’s all commercial banks which extend agricultural loans that they will revise terms of these loans to ease the affected farmers’ problems.
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