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Armenia To Receive Over 34 Million Euro From EU Next Year

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  • Armenia To Receive Over 34 Million Euro From EU Next Year

    ARMENIA TO RECEIVE OVER 34 MILLION EURO FROM EU NEXT YEAR

    The Messenger, Georgia
    Nov 7 2014

    Friday, November 7
    The European Union will allocate more than 34 million to Armenia next
    year, Deputy Finance Minister Pavel Safaryan during debates on the
    2015 draft budget.

    The amount will be allocated in the form of targeted and general
    grants. The official explained that the targeted grants are issued
    for specific programs, and the government cannot spend them on other
    projects.

    "Next year EU will allocate 34. 387 million euro as a targeted
    grant which will be distributed in three directions: 6.120 million
    for upgrading of Bagratashen and Bavra checkpoints, 2 million
    for modernization of checkpoints in general, and 2.8 million to
    provide small villages with water. Another 20 million euro will be
    transferred to the budget as a support for the implementation of
    education reforms," Safaryan said.

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