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Russia starts funding UNIDO project for Eurasian Economic Community

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  • Russia starts funding UNIDO project for Eurasian Economic Community

    Russia starts funding UNIDO project for Eurasian Economic Community and Armenia

    2010-03-27 11:25:00


    ArmInfo. The United Nations Industrial Development Organization
    (UNIDO) will develop investment and technology promotion networks for
    the European-Asian Economic Community (EurAsEC) and Armenia, which has
    an observer status.

    The three-year project worth USD 2.2 million will be funded by the
    Russian Federation, the Armenian Foreign Ministry told ArmInfo.

    An agreement on this was signed in Vienna today by UNIDO
    Director-General, Kandeh K. Yumkella, and the Permanent Representative
    of the Russian Federation to the International Organizations in
    Vienna, Ambassador Alexander Zmeyevskiy, says the UNIDO website. The
    project will contribute to innovative development and modernization of
    the economies of the countries of EurAsEC. It will increase technology
    and investment flows into the industrial sector, help create new
    technology-based enterprises, and increase employment, income and
    living standards. UNIDO will support the governments of the above
    states, as well as the governmental and private establishments,
    enterprises and investors.
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