GERMANY - ARMENIA'S SECOND LARGEST DONOR AFTER USMay 25, 2005 - 10:17 AMT PanARMENIAN.Net - Germany has become Armenia's second largest donor after the United States of America, German Ambassador Extraordinary and Plenipotentiary to Armenia Dr. Heike Renate Peitsch stated in an interview with PanARMENIAN.Net In her words, thus far the German Government has committed a total of about 169,5 million for the economic cooperation with Armenia. She noted that since Armenian independence our both countries have developed very friendly and intense relations in all relevant fields. The main projects of the Technical Cooperation are such as promotion of Small and Medium Enterprises as well as of Local Authorities. The German-Armenian Financial Cooperation includes three main sectors: the energy sector, the rehabilitation of communal infrastructure (water supply and waste water systems) and the promotion of financial and private sector. As a result of the bilateral negotiations in April 2005 in Bonn an amount of 27 million has been allocated for the biannium 2005/2006. When responding to the question referring to possible joint economic or tourism programs, the Ambassador mentioned of some very promising German investments in Armenia. "German companies are examining or preparing a stronger engagement in Armenia. But let me stress the fact that it is the responsibility of the Armenian government to create a friendly environment for foreign investments e.g. by a transparent legal system", she added. Top stories President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova. Achieving stable peace between Armenia and Azerbaijan remains a priority of the OSCE, said Ian Borg. The Cabinet of Ministers decided on Thursday, November 9 to allocated AMD 120 million to arrange the gathering. Michael Roth believes sanctions must be put on the table after Baku‘s ethnic cleansing in Nagorno-Karabakh. Partner news | Welcome to CaseKey 2024. Byblos Bank Armenia firmly stands by future innovators Strategic business cases, invaluable experience, innovative approaches and more than 25 events are in store for the participants of CaseKey 2024. Macron honors Charles Aznavour on 100th anniversary French President Emmanuel Macron has paid tribute to the memory of French-Armenian crooner Charles Aznavour. Erdogan’s approval rating falls below 40 percent: survey A total of 53.4 percent of respondents said they disapprove of the performance of Erdoğan. Blinken says U.S. reviewing a number of aid requests from Armenia He said the U.S. is reviewing the requests to determine what more it can do to increase its assistance to Armenia. |