Germany to provide152 million euros in support to Armenia

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.