EU will increase Armenia funding by 20-25% - AmbassadorFebruary 26, 2019 - 12:47 AMT PanARMENIAN.Net - The European Union will increase financial assistance to Armenia by 20-25%, head of the EU delegation to the country Piotr Switalski told reporters on Tuesday, February 25. “Substantially more resources will be provided to Armenia from the umbrella fund,” Switalski said. The ambassador also maintained that the EU greatly values the process of reforms in Armenia. "We are now discussing concrete projects where Armenia expects the EU’s support,” the diplomat said, adding that he hopes Armenia will manage to use all the opportunities provided by the 28-nation bloc. Executive Director Richard Doornbosch of the International Monetary Fund said Monday that the IMF is ready to assist Armenia in achieving reforms currently underway in the country. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |