European Union will provide 65 million euros to Armenia as financial assistance

ARKA, Armenia
June 6 2019

YEREVAN, June 6. /ARKA/. In 2019, the European Union will provide 40 million euro assistance to Armenia and has also earmarked 25 million euros as additional support, Armenian Foreign Minister Zohrab Mnatsakanyan said on Thursday.  He said the overall assistance is much larger than in 2018

Armenian Finance Minister Atom Janjughazyan noted that in 2018 some 11.2 billion drams worth grants had been provided to Armenia, of which about 41% had European origin.

“As for expenses, European grants to the tune of 11.7 billion drams were used, which made 0.8% of our total spending. In other words, all these amounts and expenses cannot be considered too important for us,” the minister noted. ($1 – 479.79 drams). -0–

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