Sat, 26 April
12.1 C
Yerevan
USD: 390.33 RUB: 4.73 EUR: 443.14 GEL: 142.02 GBP: 519.57
spot_img

EU to provide over 140 million euros to Armenia by 2017

YEREVAN, November 4. /ARKA/. The European Union is planning to provide more than 140 million euros to Armenia by 2017, as part of the Eastern Partnership program, for public sector, small businesses and agriculture in particular, says the European Commission’s report.

The Eastern Partnership aims at developing relations with six post-Soviet countries, i.e. Ukraine, Moldova, Georgia, Belarus, Armenia and Azerbaijan.

Moldova, Georgia and Ukraine signed association agreements with the EU. Belarus and Armenia, together with Russia and Kazakhstan, create the Eurasian Economic Union, Novosti-Armenia reports referring to RIA Novosti.

On Monday, the European Commission and Armenia signed a memorandum of understanding to create Single Support Framework for providing from 140 million to 170 million euros to the country in 2014-2017. These funds will be mainly used to support reforms in public institutions and civil society, as well as in the private sector and justice, says the report.

This year the EC will allocated some 19 million euros from the SSF for development of small enterprises and human rights’ protection in Armenia.

The EC also intends to provide 25 million euros to Armenia for rural development, according to the report. –0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

LATEST NEWS

spot_imgspot_imgspot_img