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Society

Armenia to provide AMD 10bn to Artsakh every year for 10 years

According to the government's decision, an agreement will be signed between the governments of Armenia and Artsakh (Nagorno-Karabakh), according to which Armenia will allocate an additional up to ten billion drams a year for ten years to provide state financial support to Artsakh individuals and legal entities who suffered material damage as a result of the recent war. The Minister of Labor and Social Affairs of the Republic of Armenia (RA), Mesrop Arakelyan, wrote about this on Facebook.

"Up to 5 million RA drams of the support amount will be provided in the form of financial assistance, and the part exceeding 5 million RA drams—by issuing bills (…). (…). The Republic of Armenia is the guarantor of the social security of the Artsakh Republic,” Arakelyan added in part.