European Commission to allocate euro 60 mln. to Armenia

European Commission to allocate euro 60 mln. to Armenia

PanARMENIAN.Net - The European Commission has approved new funding for Armenia at the amount of euro 60 mln. in the framework of Eastern Partnership.

The means allocated will be directed to speeding up Armenia’s judicial reforms and economic integration.

Apart from boosting transparency and effectiveness of the country’s judicial system, the funding aims to support Armenian institutions involved in RA-EU talks on signing Association Agreement (including the Deep and Comprehensive Free Trade Area), as well as visa facilitation and Readmission Agreement.

 Top stories
"There have been no new talks on gas exports to Europe, but there are routes and facilities which we need to use," Majedi said.
"We are particularly pleased by a 15 percent rise in lending to small and medium-sized businesses,” the bank’s financial director said.
It also signed 33 Reimbursable Advisory Service agreements with 11 countries in the region for a total amount of $45 million.
“Under a new deal to be signed, Russia is expected to provide a $300 million loan to extend the NPP’s service life,” Yervand Zakharyan said.
Partner news