June 9, 2009 - 15:10 AMT
RA Ministry of Finance, European Commission members hold joint seminar
The Armenian Ministry of Finance and European Commission's Directorate-General for Budget initiated a seminar on Public Internal Financial Control (PIFC) in Armenia and EU on June 8, 2009.

The event brought together high ranking officials, including Head of European Commission Delegation to RA, Ambassador Raul de Luzenberger.

The sides agreed on further cooperation on financial security between Armenian government and European Commission.

PIFC was developed in the late 1990s as a means for Eastern Bloc countries working toward full membership in the European Union (EU) to implement the necessary control systems to safeguard public resources.