VARDAN AYVAZYAN SAYS HE IS DISAPPOINTED OF ARMENIA’S STRATEGIC PARTNER
Panorama.am
16:18 08/06/2009
The chairman of the National Assembly economic affairs committee Vardan
Ayvazyan says he has some disappointments from the strategic partner
of Armenia – Russia. The chairman says the agreement to extend the
15-year loan at LIBOR plus 3% is high enough.
It’s worth mentioning that Moscow grants Yerevan $500 million loan
to contribute to the improvement of the Armenian economy amid the
ongoing economic crisis.
Today LIBOR is 1,22% and LIBOR+ is 3%, hence the total sum is 4,55%,
the chairman explained. "In the case of economic active policy LIBOR
can reach 5-6%. In 1995-97 it was 5,2-5,8%," said Ayvazyan and added
that a definite figure should be fixed.
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