Announcement

Collapse
No announcement yet.

Chorrord Inqnishkhanutyun: Armenia To Request Big Grant From Europe

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Chorrord Inqnishkhanutyun: Armenia To Request Big Grant From Europe

    CHORRORD INQNISHKHANUTYUN: ARMENIA TO REQUEST BIG GRANT FROM EUROPE

    09:22 28.08.13

    The paper says it has learned from sources that President Serzh
    Sargsyan has asked the prime minister to introduce justifications of
    a grant request worth over ~@1 billion worth at an upcoming European
    donor meeting.

    The Armenian authorities reportedly want the money for the
    implementation of such projects as the North-South highway construction
    and the new water system launch, environmental protection and the
    construction of new dams, as well as the manufacturing assistance
    program aimed at boosting exports.

    Citing its sources, the paper says that the government is going to
    request a sum of around ~@532 million for activities in the irrigation
    system. The authorities expect to get the grant in the form of money
    and finish the work in 2025, adds the paper.

    "Europe will in all likelihood approve the grant, with the signing of
    the European Association Agreement looming ahead. The existing opinion
    is that Europe doesn't consider this a 'bribe'; it is really confident
    that the money will help Armenia to really launch reforms in line with
    the essential standards of the European civilization," says the paper.

    Armenian News - Tert.am

Working...
X