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Germany To Provide Credits And Grants Of 130 Million Euros To Armeni

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  • Germany To Provide Credits And Grants Of 130 Million Euros To Armeni

    GERMANY TO PROVIDE CREDITS AND GRANTS OF 130 MILLION EUROS TO ARMENIA IN NEXT TWO YEARS

    Noyan Tapan
    July 17, 2009

    YEREVAN, JULY 17, NOYAN TAPAN. Negotiations of the Armenian-German
    Intergovernmental Commission on Financial and Technical Cooperation
    took place in Bonn on July 15-16. The Armenian delegation headed
    by RA Minister of Finance Tigran Davtian was in Germany in order
    to paticipate in the negotiations. The delegation was composed of
    Chairman of the Central Bank of Armenia Arthur Javadian, Chairman of
    the RA Audit Chamber Ishkhan Zakarian and other officials.

    The participants discussed problems of sustainable economic
    development, energy and environmental protection, as well as issues
    related to decentralization, democracy, and community development.

    According to the press service of RA Ministry of Finance, as a result
    of the negotiations, a protocol was signed, by which the sides have
    reached an agreement that the German government will provide credits
    and grants of a total of 130 million euros to Armenia in the next
    two years.
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