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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.

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He said that his government would also focus on fighting corruption and "eliminating all barriers that impede business from developing".
“We have a simple problem:we prepare 400-500 specialists each year, while there is demand for 2000 professionals," he said.
At Shirak airport in the northern Armenian town of Gyumri, traffic soared by 150% in the reporting period against 2016.
“The investments will be spent to build a canning factory and slaughterhouses, expand greenhouse farms,” Ignati Arakelyan said.
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