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Armenia To Receive 100 Million Euros From Germany In 2010

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  • Armenia To Receive 100 Million Euros From Germany In 2010

    ARMENIA TO RECEIVE 100 MILLION EUROS FROM GERMANY IN 2010

    PanARMENIAN.Net
    21.01.2010 14:34 GMT+04:00

    /PanARMENIAN.Net/ The Government of Armenia approved an agreement
    between Germany and Armenia on financial cooperation during the
    meeting on January 21. According to Deputy Finance Minister of
    Armenia, the chief treasurer Atom Janjughazyan , this agreement
    provides the financial help from the Federal Republic of Germany
    amounting to 100 million euros. 20 million euros will be directed to
    mortgage lending program, 22 million euros - to continue the program
    of Vorotan Cascade's Hydro Power Plant, 18 million euros - to finance
    programs in the field of renewable energy, 40 million euro - to the
    development of community infrastructure, as well as ecological programs
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