ArmInfo.Deputy Minister of Economic Development and Investments of Armenia Mane Adamyan met with the head of the Eastern Neighborhood Regional Programs Department at the Directorate General for Neighborhood and European Commission Expansion Vasilis Maragos.
According to the press service of the Ministry of Economic Development and Investments of Armenia, during the meeting, the technical and budgetary assistance programs provided by the EU within the framework of Armenia-EU cooperation, as well as the consistent development of bilateral cooperation were discussed.
Earlier, ArmInfo, citing Armenian Finance Minister Atom Janjughazyan, reported that in 2019 Armenia would receive from the European Union 16 million euros of grant funds for the budget assistance against 11.5 million euros in 2018. According to him, the funds will be provided to Armenia within the framework of the Armenia-EU Action Program. In general, in 2019, financial assistance to Armenia of European origin will amount to 42 billion drams in the framework of various assistance programs. Of these, 20.5 billion drams will be credit resources, and 22 billion drams - grant.
Note that since 2014, the European Union has provided Armenia with financial assistance amounting to about 120 million euros. The focus was on economic development, innovation and personal development, strengthening the rule of law and developing the business environment. The EU also assisted in the conduct of elections and the development of international relations. Armenia received funding for participation in multilateral projects. The development of transport infrastructure and energy efficiency improvement programs were carried out within the framework of the Neighborhood Investment Fund. Further support of the EU is aimed at achieving specific assistance to citizens in such areas as legal reform, access to financial and economic development, development of connections, education and mobility. Since 2014, Armenia has received 70 million euros as grants through the Neighborhood Investment Fund (NIF), which led to an investment of 412 million euros in the country.