ArmInfo. Armenia will receive 152 million euro in support from the German government. Armenian Economy Minister Gevorg Papoyan, who is on a working visit to Berlin, shared this information on his Facebook page.
"This is the main outcome we achieved during the intergovernmental commission meeting," he noted. The Minister also clarified that 18 million of the allocated funds are grants and 134 million are low interest loans.
"All funds will be used to develop small and medium-sized businesses and address issues in renewable energy, water systems, and other areas," he emphasized.
