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    Emil Lazarian
  • 4 years ago
    • Categories: 2022

Germany to provide 116 mln 400 thousand Euro financial aid to Armenia

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 12:30,

YEREVAN, APRIL 12, ARMENPRESS. During today’s session in the Parliament, Deputy Minister of Economy of Armenia Rafayel Gevorgyan presented the draft on ratifying the 2020 financial cooperation agreement between the Armenian and German governments.

Gevorgyan said that Armenia will be provided with 116 million 400 thousand Euro financial aid.

“This assistance consists of two main parts. 70 million Euros will be provided for the development of small and medium enterprises, and 40 million to development loans in renewable energy sector. The mechanism through which that assistance will be provided is the country’s banking system. There is an Armenian-German fund through which the sums will be distributed to Armenia’s banking system”, the deputy minister said.

He informed that it is also planned to provide 3.4 million Euro financial aid to Armenia for implementation of biodiversity and sustainable development programs and to provide 3.4 million Euro financial aid for the necessary measures aimed at the implementation and technical support of the program.

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS