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EU to allocate EURO 140-170 million to Armenia by 2017

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  • EU to allocate EURO 140-170 million to Armenia by 2017

    EU to allocate ?¬140`170 million to Armenia by 2017

    20:35 08.09.2014


    Following consultation with partner countries, EU member States and
    the European Parliament, the European Commission has taken decisions
    providing important EU funding to the partners in the EU Neighbourhood
    in the coming years. This package includes programming documents for
    Algeria, Armenia, Azerbaijan, Belarus, Jordan, Lebanon, Libya, Morocco
    and Tunisia, as well as for regional cooperation in both the Eastern
    and Southern Neighbourhood and for European Neighbourhood-Wide
    programmes. The total amount of these programmes is over ?¬5,5 billion.

    `Our relationship with the countries in our Neighbourhood has always
    been one of my priorities. We have strong links with these countries
    and an important role to play in helping them deal with the political
    and economic challenges they face. We are committed to accompany them
    on their path to peace, democracy and socio-economic development,'
    saidEU High Representative Catherine Ashton Catherine Ashton.

    Åtefan Füle, European Commissioner for Enlargement and Neighbourhood
    Policy, said: `Ambition and commitment to reforms will guide the
    massive EU funding for our neighbours for the coming years. Priorities
    for support have been established through close dialogue with our
    partners, involving all the relevant stakeholders, in the spirit of
    ownership and partnership. The funding will help them address key
    challenges their societies are facing'.

    Following the adoption of programming documents for Georgia and
    Moldova in June 2014, in July the EU Commission adopted a package of
    bilateral and multi-country programming documents that will chart EU
    support to the partners for the coming years. These funds will come
    from the European Neighbourhood Instrument (ENI) that will provide the
    bulk of EU assistance to partners over coming years.

    For Armenia the indicative allocation for the period 2014-2017 is
    between ?¬140,000,000 ` ?¬170,000,000. The three priority sectors of
    intervention to be financed through this envelope are the following:

    · Private sector development (indicative 35%)

    · Public administration reform (indicative 25%)

    · Justice sector reform (indicative 20%)

    http://www.armradio.am/en/2014/09/08/eu-to-allocate-e140-170-million-to-armenia-by-2017/



    From: Emil Lazarian | Ararat NewsPress
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