Mon, 20 October
10.1 C
Yerevan
USD: 382.59 RUB: 4.71 EUR: 447.25 GEL: 141.36 GBP: 513.89

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

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

LATEST NEWS

spot_imgspot_imgspot_img