Friday, April 7 2017 13:59
Naira Badalian

In 2017, Armenia expects 17 million EUR grant funds from EU on budget support programs

ArmInfo. In 2017, Armenia expects  17 million EUR grant funds from EU on budget support programs. With  that, that number is indicative, and by the discussions and certain  projects implementation, that number is to be clarified. On April 7,  answering to the ArmInfo question, said the Minister of Economic  Development and Investments of Armenia Garegin Melqonyan in the  fields of working discussion on EU budget support programs.  

According to Melqonyan, thanks to budget support penitentiary system  of Armenia experienced fundamental changes - repair works of many  CEIs were implemented. Repair and modernization works referred the  educational and science system and also the agricultural sector. The  EU budget support assisted also the modification of strategically  important legal documents on state purchases, state management of  funds. This list, according to Melqonyan, may be continued to  infinity. According to the Deputy Minister, 2016th year was a record  year in the context of support of EU to Armenia - 27.5 million EUR.  Remarkable is the fact that all the funds were grunt funds and are  allocated on irrecoverable basis. By the end of 2016, a new framework  agreement with EU was signed on support programs implementation in  2017 and in next years, 51 million EUR, 50 of which is to be  allocated for budget support. In 2017, the expected funds in general  will be allocated for reforms in agriculture - 7 million EUR, justice  sectors and for a number of other program implementations.   

At the same time, the agenda on cooperation with EU is rather rich  and the framework of financial support to Armenia is not limited with  budget support programs. On the given stage, various programs, aimed  at various sectors and reforms, are implemented with the help of EU  experts like TWINNING, TAIEX, SIGMA.

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Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

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Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

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2

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482,00

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