ArmInfo. Deputy Minister of Finance of Armenia Karen Tamazyan and representatives of the National Academy of Finance and Economics of the Ministry of Finance of the Netherlands on March 10 discussed the prospects of developing the system of managing state finances, as well as bringing it in line with EU standards. The meeting was organized with the assistance of Deutsche Gesellschaftfur Internationale Zusammenarbeit (GIZ).
As the Ministry of Finance of Armenia informed ArmInfo, the delegation from the Netherlands presented a report on the concept of internal financial control. Noting that Armenia is on the right track, the Deputy Minister of Finance of Armenia Karen Tamazyan stated that the work carried out in this direction was in tune with the European concept of the state financial management system. "We have reached an agreement to continue joint development of our capabilities in the way of improving the quality of public finance management", Tamazyan said. Yan Van Toyne, Coordinator of the Department of External Relations of the National Academy of Finance and Economics of the Ministry of Finance of the Netherlands, noted that since Armenia and the Netherlands are in the same IMF-WB group and the Netherlands side is chairing the group, in Washington they represent the interests of the Armenia. Expressing satisfaction with the cooperation, he stated about great expectations in this direction. "We can not teach you much about the concept, for the most part it's about the proper practical application of this toolkit", said Jan Van Toine.
According to the National Statistical Service of Armenia, the foreign trade turnover between Armenia and the Netherlands in January-December 2016 amounted $ 79.4 million, increasing by 3.4%.