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EU Package To Support Institution Building In Armenia Totals ~@43 Mi

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  • EU Package To Support Institution Building In Armenia Totals ~@43 Mi

    EU PACKAGE TO SUPPORT INSTITUTION BUILDING IN ARMENIA TOTALS Â~B¬43 MILLION

    ENPI Info Centre
    Oct 1 2012

    Commissioner for Enlargement and European Neighbourhood Policy Å tefan
    Fule and Prime Minister Tigran Sargsyan of Armenia have signed two
    new financing agreements between the EU and Armenia totalling â~B¬43
    million.

    A press release said the two agreements focused on institution building
    in support of the negotiations and implementation of the future
    EU-Armenia bilateral agreements: the Association Agreement and Deep
    and Comprehensive Free Trade Area and Visa Facilitation/Readmission
    Agreement.

    "I believe we are preparing the ground for an Armenia which is a state
    with more citizen-friendly institutions, an attractive investment
    destination and better conditions for those businesses which want to
    take advantage of new market opportunities," Å tefan Fule said after
    signing the documents on 27 September.

    EU bilateral assistance to Armenia under the European Neighbourhood
    Partnership Instrument (ENPI) is â~B¬157 million for 2011-2013, double
    the amount for the previous period. An additional â~B¬ 15 million have
    recently been allocated under the "more for more" principle. "The more
    reforms Armenia carries out the more the EU will be able to support
    it. Already today, EU support for Armenia has reached unprecedented
    levels," said Commissioner Fule.

    Through the financing agreements signed in Yerevan, the EU will
    support Armenia's Sustainable Development Programme, focusing on
    several sector specific strategies such as Customs Administration,
    Quality infrastructure, Food Safety and e-governance.

    The new Financing Agreements are based on the ENPI Annual Action
    Programme 2011 worth â~B¬43.1 million and composed of two actions,
    namely:

    · Framework Programme in support of the EU-Armenia agreement -
    worth â~B¬19.1 million, channelled through the Eastern Partnership
    Comprehensive Institution Building (CIB) initiative.

    · Support to the Government of Armenia for the implementation of
    the ENP Action Plan and the preparation for the future Association
    Agreement - worth â~B¬24 million, channelled via budget support
    programme. (EU Neighbourhood Info)

    http://enpi-info.eu/maineast.php?id=30389&id_type=1&lang_id=450

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