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Eu To Allocate Eur43mln Financial Assistance To Armenia

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  • Eu To Allocate Eur43mln Financial Assistance To Armenia

    EU TO ALLOCATE EUR43MLN FINANCIAL ASSISTANCE TO ARMENIA

    Mediamax
    Sept 27 2012
    Armenia

    Yerevan/Mediamax/. The European Union and Armenia concluded two
    financial agreements today.

    After concluding the agreements, EU Commissioner for Enlargement and
    Neighborhood Policy Stefan Fule said during his joint press conference
    with Armenian Prime Minister Tigran Sargsyan that "we are ready to
    assist the process of Armenia's European integration, Mediamax reports.

    According to Stefan Fule, the planned financial assistance will
    contribute to preparation of Armenia's institutions for political
    association with the EU and economic integration.

    Under the financial agreements, the EU will support the process and
    implementation of negotiations on bilateral agreements between the
    EU and Armenia including Deep and Comprehensive Free Trade Agreement
    and Visa Facilitation/Readmission Agreements.

    Armenian Prime Minister Tigran Sargsyan said that the financial and
    technical assistance allows Armenia to substantially enhance the
    potential of the government.

    "That is -development of substructures, issues of sanitary and
    eco-sanitary spheres and legislative reforms, improvement of customs
    procedures as well as strengthening of democratic institutions",
    said Tigran Sargsyan.

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