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European Commission Transfers 5 Million Euro Assistance To Armenia

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  • European Commission Transfers 5 Million Euro Assistance To Armenia

    EUROPEAN COMMISSION TRANSFERS 5 MILLION EURO ASSISTANCE TO ARMENIA

    http://www.nt.am/news.php?shownews=114303
    Noyan Tapan
    June 9, 2008

    YEREVAN, JUNE 9, NOYAN TAPAN. The European Commission has disbursed
    the first instalment of a 16 million package to fight unemployment,
    especially among the young workforce, through reforms of the Vocational
    Education and Training (VET) sector. The funds are part of the European
    Commission's 2007 Annual Action Programme for Armenia, endowed with
    a total of 21 million assistance funds. The programme as a whole aims
    at improving the VET institutions as well as the cooperation between
    employment and education sectors, and at enhancing the business
    climate for boosting job-creation.

    This first transfer was made on June 5, 2008. Two further instalments
    are foreseen until 2010.

    In the framework of the European Neighbourhood Policy (ENP), Armenia
    and the European Commission have agreed to focus assistance of the
    European Union to Armenia allocated in 2007 on further reforms of
    the Vocational Education and Training (VET) sector, building on
    extensive experience and lessons learned from previous TACIS and
    other EU funded projects. EU assistance to VET reforms in Armenia
    for 2008 will be delivered through large scale Budget Support of 15
    mln EUR, completed by a 1 mln EUR project of technical assistance,
    i.e. 16 mln EUR in total.

    As Noyan Tapan was informed by the Armenian delegation of the European
    Commossion, in the period 1992-2006 the European Commission has
    provided more than 400 million euro in grants to Armenia through a
    wide range of instruments, the most important ones being TACIS, ECHO,
    Food Security Programme (FSP), European Initiative for Democracy and
    Human Rights (EIDHR) and Macro-Financial Assistance (MFA).

    More particularly, since 1999, the EU has spent over 25 mln EUR to
    development of the Education sector in Armenia, through support to
    VET reforms and TEMPUS programme.
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