23/05/2013 11:49
Hraparak: Loans of Armavir farmers will not be frozen
The correspondent of “Hraparak” paper asked Deputy Minister of Finance Vardan Aramian how the ministry will determine the form and amount of compensation to hailstorm-hit farmers of Armavir province and whether the problem of loan freeze will be finally solved or not.
“The amount of damage caused by the hailstorm is calculated now. As for loans, the matter concerns re-drawing up contracts with farmers, rather than freezing their loans. This problem is within the competence of banks. I think the sides can reach a mutual agreement with the Central Bank of Armenia on some extension of terms of loans. There was such a precedent,” the deputy minister said.
According to Aramian, the problem will be solved in this way as well as by subsidizing – farmers will receive seeds, fertilizers and fuel.