European Union set to allocate 20m euros to Armenia
Mediamax news agency
15 Mar 04
YEREVAN
The European Union (EU) will allocate 20m euros to Armenia for the
realization of a national indicative program designed for 2004-06.
The agreement on the realization of this program was signed by
Armenian Minister of Finance and Economy Vardan Khachatryan and the
head of the EU delegation in Armenia and Georgia, Torben Holtze, in
Yerevan today, Mediamax reported.
Torben Holtze said that under the program 13.5m will be directed to
assist the carrying out of institutional and administrative reforms
and 6.5m euros to liquidate the social consequences of the transition
period.
The EU annual aid to Armenia makes 50 to 60m euros.
Disclaimer: This article was contributed and translated into English by Toganian Liana. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
Direct link to this article: https://www.armenianclub.com/2004/03/17/european-union-set-to-allocate-20m-euros-to-armenia/