Armenian treasury shrinks

Armenian treasury shrinks

Some state enterprises owe workers wages for 2 months. The Zhokhovurd paper says that cash was wasted on bribery during the parliamentary polls of May 6, Tert.am reports.


Armenia is having negotiations on receiving a loan of $800 million - $1 billion from Russia, according to unofficial information. The talks started adter Armenia's failure to receive an EU loan. The state is ready for a loan with high interest rate from Russia.

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