Yerevan /Mediamax/. Armenian government made a decision today to provide “Norashen” Developer Company with budgetary guarantees at the sum of $500 thousand.

Mediamax reports that Armenian Prime Minister Tigran Sargsian described as “unfair” the criticism addressed to the government about “dissipation” of means of the Russian stabilization loan.

Minister of Finance Tigran Davtyan informed that the government has also provided a loan to “ArmAeroNavigation” CJSC at the volume of 1mln EUR for the term of 5 years and at LIBOR+4% interest rate. The company will use the loan means to update the main radar system.