// IP Marketing video - START// IP Marketing video - END

U.S. offers new financial assistance to Moldova, Georgia

U.S. offers new financial assistance to Moldova, Georgia

PanARMENIAN.Net - The United States is offering new financial assistance to Moldova and Georgia, two former Soviet nations the West seeks to lure toward Europe.

Vice President Joe Biden announced the aid in Kiev during meetings with both nations' presidents on the sidelines of the new Ukrainian president's inauguration.

Both Moldova and Georgia are pursuing association agreements with the European Union amid a regional crisis over Russia's actions in Ukraine.

The White House says an additional $8 million will help Moldova "advance its European aspirations." The U.S. is also sending $5 million to Georgia to help economically vulnerable people living near Russian-controlled breakaway regions.

The aid follows President Barack Obama's announcement that the U.S. will work to boost the military capacity of non-NATO countries near Russia, including Moldova and Georgia.

 Top stories
“The investments will be spent to build a canning factory and slaughterhouses, expand greenhouse farms,” Ignati Arakelyan said.
The funding will go to a subsidiary of ContourGlobal, an international power-generation company that acquired the Vorotan Cascade in 2015.
"We are yet unable to disclose the names of companies we are conducting negotiations with," Satenik Hovhannisyan said.
1,259,657 tourists have arrived in Armenia in January-December 2016, the National Statistical Service said, up by 5,7% on the year before.
Partner news