Tuesday, March 7 2017 19:10
Naira Badalian

EU granting financial assistance issues for 2017-2020 were discussed In Yerevan

EU granting financial assistance issues for 2017-2020 were discussed  In Yerevan

ArmInfo. EU granting financial  assistance issues for 2017-2020 were discussed In Yerevan.

According to the EU Delegation in Armenia, which received ArmInfo, a  meeting of recounting commissions on a number of EU budget assistance  programs was held in the Armenian capital on March 6- 7. In  particular, the Ministry of Economic Development and Investments  discussed the second stage of the Action Plan for Armenia within the  framework of the European Neighborhood Policy and the program of  professional development for the best jobs. The programs were  discussed by Deputy Minister Garegin Melkonyan and the head of the  department in the Directorate General of the European Commission for  Expansion and Neighborhood Vasilis Maragos.

During the meeting of the re-verifying commission on programs for  assistance to agriculture and rural development, as well as improving  the policy of managing state finances, the sides discussed the  implementation of agreements, as well as the expected reforms in the  spheres.

The European Union is the number one donor for Armenia. More than 50%  of financial support for various assistance programs in Armenia falls  to the share of the EU. On an annual basis, this amount is about 50  million EUR, and since the independence of Armenia, the EU has  allocated more than 500 million euros for these purposes. These data  were presented at the press conference on October 24, 2016 by the  head of the European delegation in Armenia, Ambassador Piotr  Switalski. According to the ambassador, the bulk of financial  assistance is provided in the form of budgetary assistance, which is  an excellent indicator of Armenia's high rating in terms of financial  management, performance and accountability. Perhaps, as noted  Switalski, there is an opinion in the public that the EU probably  does not have a "feedback" on the productivity of the funds provided.  Meanwhile, according to him, the EU has a very strict methodology for  estimating the amount of grant money. The EU budget assistance  programs are very meticulously studied and, based on the analysis,  conclusions are drawn regarding their productivity, as the EU is  focused on making the process of European assistance to forthcoming  reforms in Armenia more effective, he said.

POST A COMMENT
Input digits     


News
AraratBank underwrites FINCA UCO bondsAraratBank underwrites FINCA UCO bonds
Team NGN`s 25Gbps network is already available to 150,000 households  in ArmeniaTeam NGN`s 25Gbps network is already available to 150,000 households  in Armenia
Pashinyan: Armenia considers it important to form collective food  security system in EAEUPashinyan: Armenia considers it important to form collective food  security system in EAEU
Trade, services and construction continue to be main drivers of  double-digit growth in economic activity in ArmeniaTrade, services and construction continue to be main drivers of  double-digit growth in economic activity in Armenia
Armenian investment crowdfunding platform ARFI and ANIF to be  presented at Orion 2023 Summit in New YorkArmenian investment crowdfunding platform ARFI and ANIF to be  presented at Orion 2023 Summit in New York
Transavia Airlines to start Marseille-Yerevan-Marseille operating  flightsTransavia Airlines to start Marseille-Yerevan-Marseille operating  flights
Georgia refutes information about launch of shipment to NovorossiyskGeorgia refutes information about launch of shipment to Novorossiysk
Batumi-Novorossiysk ferry service put into operation Batumi-Novorossiysk ferry service put into operation 
Plant producing aluminum radiators to be put into operation in  ArmeniaPlant producing aluminum radiators to be put into operation in  Armenia
Vahan Kerobyan on Vahan Kerobyan on "impressive" indicators of FDI in Armenian economy
Yerevan brandy company could stop exports to RussiaYerevan brandy company could stop exports to Russia
Kaps reservoir construction project resumed in Armenia Kaps reservoir construction project resumed in Armenia 
CMTPL E-polices sales stalled pending more visible discounts as part  of tariff liberalization CMTPL E-polices sales stalled pending more visible discounts as part  of tariff liberalization 
ANIF to invest EUR 3.9mln in Universal Closures company ANIF to invest EUR 3.9mln in Universal Closures company 
Germany to assist Armenia in strengthening local government systemGermany to assist Armenia in strengthening local government system
Fix Price announces entry into Armenia`s marketFix Price announces entry into Armenia`s market
Presentation of ROBBO company held in Armenia Presentation of ROBBO company held in Armenia 
EBRD improves its GDP growth forecast for Armenia EBRD improves its GDP growth forecast for Armenia 
FLYONE ARMENIA started operating flights on the route Yerevan-Larnaca-YerevanFLYONE ARMENIA started operating flights on the route Yerevan-Larnaca-Yerevan
Armenian Diaspora of United States is ready to invest in  technological development of ArmeniaArmenian Diaspora of United States is ready to invest in  technological development of Armenia
CBA Forecast: Inflation in Armenia to reach target level of 4% from  H2 2023CBA Forecast: Inflation in Armenia to reach target level of 4% from  H2 2023
Foreigners` transactions on buying and selling property  reduced in  ArmeniaForeigners` transactions on buying and selling property  reduced in  Armenia
In Yerevan, real estate market activity is declining, but prices  continue to riseIn Yerevan, real estate market activity is declining, but prices  continue to rise
RA citizens` perception of EU has changed dramatically. Pashinyan The  reputation of the European Union has significantly improved after the  Union decided to send an observation mission to Armenia RA citizens` perception of EU has changed dramatically. Pashinyan The  reputation of the European Union has significantly improved after the  Union decided to send an observation mission to Armenia 
Bright future for solar energy in Armenia - Expert on measures to  ensure sustainable development and true independence of  energy  sectorBright future for solar energy in Armenia - Expert on measures to  ensure sustainable development and true independence of  energy  sector
EDB discusses and implements number of energy projects in Armenia -  Head of BankEDB discusses and implements number of energy projects in Armenia -  Head of Bank
EDB is ready to support Amulsar mine development project - PodguzovEDB is ready to support Amulsar mine development project - Podguzov
Armenian-Czech business forum held in Prague Armenian-Czech business forum held in Prague 
Armenia`s Finance Ministry delegation participates in experience  exchange events  organized by ICAEWArmenia`s Finance Ministry delegation participates in experience  exchange events  organized by ICAEW
EAEU expects to significantly increase volume of trade in mid term by  signing of FTZ establishment agreement with IranEAEU expects to significantly increase volume of trade in mid term by  signing of FTZ establishment agreement with Iran
Union of Banks of Armenia presented awards to employees of ArmInfo  for their professional activities in covering financial and banking  sectorUnion of Banks of Armenia presented awards to employees of ArmInfo  for their professional activities in covering financial and banking  sector
CBA Deputy Governor singles out three key factors ensuring growth of  Armenia`s economy last yearCBA Deputy Governor singles out three key factors ensuring growth of  Armenia`s economy last year
Armenia`s state treasury revenues from leasing of state property  increased by 67.7% in 2022Armenia`s state treasury revenues from leasing of state property  increased by 67.7% in 2022
WB to issue 92.3mln Euro loan to Armenia for supporting country`s  budgetWB to issue 92.3mln Euro loan to Armenia for supporting country`s  budget
Iranian company to construct modern checkpoint in Armenia`s MeghriIranian company to construct modern checkpoint in Armenia`s Meghri
Environment Ministry, KfW sign agreement for implementation of EUR 26  million program Environment Ministry, KfW sign agreement for implementation of EUR 26  million program 
43 young people graduated from joint training programme organized by GITC and HSBC Armenia43 young people graduated from joint training programme organized by GITC and HSBC Armenia
Armenian, Lebanese ministers of economy discuss development of  economic ties  Armenian, Lebanese ministers of economy discuss development of  economic ties  
Minister of Economy: Relocation impact on Armenia`s economic growth  is estimated at one thirdMinister of Economy: Relocation impact on Armenia`s economic growth  is estimated at one third
AMD 3,389,788 for the project to reveal the professional potential of war participants. The next beneficiary of AMD 3,389,788 for the project to reveal the professional potential of war participants. The next beneficiary of "The Power of One Dram" is the "Path of Life" NGO
After 12-year break, airBaltic resumes flights on Riga-Yerevan-Riga  routeAfter 12-year break, airBaltic resumes flights on Riga-Yerevan-Riga  route
PSRC announced results of tender for license to launch 5G networks in  ArmeniaPSRC announced results of tender for license to launch 5G networks in  Armenia
FlyOne Armenia plane makes emergency landing in IranFlyOne Armenia plane makes emergency landing in Iran
Specific debt burden per capita in Armenia continues to grow rapidly,  approaching $4.000Specific debt burden per capita in Armenia continues to grow rapidly,  approaching $4.000
Armenian interagency group to deal with multimodal high-speed route  and operator activities in Chabahar PortArmenian interagency group to deal with multimodal high-speed route  and operator activities in Chabahar Port
$250mln investments in Amulsar nothing but a bubble - Environmental  Front$250mln investments in Amulsar nothing but a bubble - Environmental  Front
Armenia`s economic activity continues to grow at double-digit paceArmenia`s economic activity continues to grow at double-digit pace
Rocket Line digital credit with longer termRocket Line digital credit with longer term
Ardshinbank warns about the facts of fraudArdshinbank warns about the facts of fraud
Inflation began to decline more noticeably in ArmeniaInflation began to decline more noticeably in Armenia
Feeling of insecurity among majority of Armenia`s population may  affect country`s economic development- EconomistFeeling of insecurity among majority of Armenia`s population may  affect country`s economic development- Economist
GIZ and KfW to open offices in YerevanGIZ and KfW to open offices in Yerevan
RA Premier: New checkpoint to be built in Meghri with EU assistance RA Premier: New checkpoint to be built in Meghri with EU assistance 
Gnel Sanosyan: For many years, tariffs for connection to Electric  Networks of Armenia were far from realisticGnel Sanosyan: For many years, tariffs for connection to Electric  Networks of Armenia were far from realistic
Armenia`s gross international reserves decreased by 9.4% in Q1 2023Armenia`s gross international reserves decreased by 9.4% in Q1 2023
Armenia`s budget revenues 20% up in Jan-Apr, 2023Armenia`s budget revenues 20% up in Jan-Apr, 2023
CBA: Monetary policy scenario envisages rapid decline in inflation  below target of 4% in near futureCBA: Monetary policy scenario envisages rapid decline in inflation  below target of 4% in near future
Martin Galstyan: Even in negative scenario, Armenia`s banking system  is able to absorb possible losses, while maintaining continuity of  financial intermediationMartin Galstyan: Even in negative scenario, Armenia`s banking system  is able to absorb possible losses, while maintaining continuity of  financial intermediation
CBA Head: Final victory has not yet been won in fight against  inflationCBA Head: Final victory has not yet been won in fight against  inflation
Pashinyan, Likhachev discuss construction of new nuclear power unit  in ArmeniaPashinyan, Likhachev discuss construction of new nuclear power unit  in Armenia
Read more


Exchange rates
26.05.2023
RUB4.830.00
USD386.520.12
EUR415.240.90
GBP478.400.81
CAD284.060.03
JPY27.65-0.03
CNY54.62-0.17
CHF427.951.46