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EU to provide €36 million of financial support to Armenia

EU to provide €36 million of financial support to Armenia

PanARMENIAN.Net - The European Union will provide €36 million of financial support to Armenia with a focus on areas such as education, energy efficiency, environmental protection, the Armenian government said in a tweet.

The sum will also be used to create a favorable investment and business environment in the country.

By the end of the year Armenia will receive €5.5 million, the government said.

The European Union is expected to provide financial assistance worth €160 million to Armenia by 2020 under a document signed in February by the EU High Representative for Foreign Affairs and Security Policy/Vice-President of the European Commission, Federica Mogherini, and Armenia's then foreign minister Edward Nalbandian.

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