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GERMANY TO PROVIDE ARMENIA WITH 75 MILLION EURO LOAN AND 4.5 MILLION GRANTS
11:30, 14 November, 2012
YEREVAN, NOVEMBER 14, ARMENPRESS: Armenian- German Intergovernmental
Commission regular session on financial and technical cooperation was
launched in capital Yerevan on November 14. As Ministry of Finance of
the Republic of Armenia informed Armenpress, Armenian Deputy Minister,
chief treasurer Atom Janjughazyan is the co- chair from Armenian side,
Germany Democratic Republic Economic Cooperation and Development
department head Andreas Gis is going to co- chair from Germany side.
In the course of the launched session the sides have discussed issues
of mutual interest in the frame of bilateral cooperation refer to
sustainable economic development, energy, environment, democracy,
community development and social state. The meeting is scheduled to
be summed up by a cooperation protocol which will become a basis
for signing of Financial cooperation agreement between Armenian
and GDR Governments according to which Germany will provide Armenia
with 75 million euro loan and 4.5 grants. Caucasus Protected Areas
Support Project (Regional program- Armenia III phase, 4,250,000 euro)
financing agreement is also set to be signed.
11:30, 14 November, 2012
YEREVAN, NOVEMBER 14, ARMENPRESS: Armenian- German Intergovernmental
Commission regular session on financial and technical cooperation was
launched in capital Yerevan on November 14. As Ministry of Finance of
the Republic of Armenia informed Armenpress, Armenian Deputy Minister,
chief treasurer Atom Janjughazyan is the co- chair from Armenian side,
Germany Democratic Republic Economic Cooperation and Development
department head Andreas Gis is going to co- chair from Germany side.
In the course of the launched session the sides have discussed issues
of mutual interest in the frame of bilateral cooperation refer to
sustainable economic development, energy, environment, democracy,
community development and social state. The meeting is scheduled to
be summed up by a cooperation protocol which will become a basis
for signing of Financial cooperation agreement between Armenian
and GDR Governments according to which Germany will provide Armenia
with 75 million euro loan and 4.5 grants. Caucasus Protected Areas
Support Project (Regional program- Armenia III phase, 4,250,000 euro)
financing agreement is also set to be signed.