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EU transfers 1.5m euros to Armenian budget

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  • EU transfers 1.5m euros to Armenian budget

    EU transfers 1.5m euros to Armenian budget

    Arminfo, Yerevan
    9 Jul 04

    YEREVAN

    The European Commission has transferred the first tranche of 1.5m
    euros to the Armenian budget under the food security programme
    totalling 9.5m euros, Armenian Finance and Economy Minister Vardan
    Khachatryan told a press conference today.

    These funds have been given to agriculture, social security, the State
    Land Survey, Property and National Statistics Services for several
    years.

    The minister said that the remaining 8m euros will be transferred in
    two tranches by the end of 2004.

    Speaking at the press conference, the head of the EU delegation in
    Armenia and Georgia, Torben Holtze, said that the programme was very
    important for enhancing the level of state management. He said that
    this was already the eighth food security programme, which had been
    realized in Armenia since 1997. As a whole, within the framework of
    the programme, bearing in mind the transferred 1.5m euros, the EU has
    given Armenia 68.5m euros. Holtze added that for the time being, the
    sides are discussing the possibility of cooperation under this
    programme for 2005-07. Armenia can count on receiving 9.5m euros per
    year, he said.
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