Alrosa makes proposal to provide large credit line to<br /> Armenia<br />


Alrosa makes proposal to provide large credit line to
Armenia

  • 04-03-2009 20:00:00   | Armenia  |  Economy
YEREVAN, MARCH 4, NOYAN TAPAN. During the March 4 meeting of Armenian prime minister Tigran Sargsyan and chairman of Alrosa diamond mining company (Russia) Sergei Vybornov, issues of further cooperation with Alrosa under conditions of the current global financial and economic crisis, the opportunities and prospects of assistance to Armenian companies engaged in diamond cutting sector were discussed. The chairman of Alrosa made a proposal to provide a large credit line to Armenia, which will allow obtaining rough diamonds from Alrosa and supplying Armenian diamond cutting enterprises with the necessary raw material in the next few years. According to the press service of the Armenian government, the sides agreed to hold more discussions on the conditions of this mutually beneficial credit and the risks of both the lender and the borrower, taking into account the possible manifestations and impact of the global crisis in the future.
  -   Economy