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President of EC: European Union to increase financial aid by 25%

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  • President of EC: European Union to increase financial aid by 25%

    President of European Council: European Union to increase financial
    aid to Armenia by 25%

    arminfo
    Wednesday, July 4, 18:52

    The European Union will increase financial aid to Armenia by 25% - up
    to $50 mln, which will be directed to making the main reforms and
    European integration of Armenia, President of European Council, Herman
    Van Rompuy at today's joint press-conference with President of Armenia
    Serzh Sargsyan in Yerevan.

    He said that the European Union welcomes the efforts of the Armenian
    authorities towards holding of more transparent and competitive
    elections. There were certain shortcomings in the past elections
    mentioned in the report of ODIHR/OSCE, but we hope they will be
    corrected by the presidential election, he said.

    Mr Rompuy also added that the relations between Armenia and EU have
    been deepening, the evidence of which are the active negotiations on
    the association agreement on creation of free trade zone, as well as
    the talks on simplification of the visa regime. He said that Armenia
    is on the right way, it should go on enhancing democratic
    institutions, respecting human rights and freedom of speech, although
    there is still much to be done and EU is ready to support Armenia
    making reforms according to the principle "more for more".

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