On February 27, 2025, the Armenian Government adopted a decision "On Providing a Budgetary Guarantee" to ensure the launch of the Amulsar mine operation.
According to the decision, "Lydian Armenia" CJSC will be provided with a budgetary guarantee of up to 150,000,000 USD for the purpose of attracting credit funds from the banking system operating in the Republic of Armenia with a repayment period of up to 5 years and a nominal interest rate of up to 9 percent. The credit funds will be attracted from "Ardshinbank" CJSC, "ACBA BANK" OJSC, "IDBank" CJSC, "Inecobank" CJSC, and "EVOCABANK" CJSC.
It is noted that the adoption of this decision leads to an increase in state budget revenues, and in case of materialization of the budgetary guarantee, an increase in state budget expenditures up to the amount of 150,000,000 USD.
February 28, 2025 at 12:49