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Armenia Seeks Another Major Loan from Russian-Led Group

The Armenian government moved on Thursday to obtain yet another large-scale foreign loan which it hopes will help the country overcome the ongoing economic crisis.

Armenian Government Approves 2010 Budget

The Armenian government approved on Thursday the final version of next year’s budget and is set to submit it to parliament for consideration and approval, Finance Minister Tigran Davtian told reporters.

Russia to Own 50 Percent of New Armenian Nuclear Plant

Armenia’s government unveiled on Thursday plans to create a Russian-Armenian joint venture tasked with building a nuclear power station in place of the aging soviet-era facility at Metsamor by 2017.

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