EU will increase Armenia funding by 20-25% - AmbassadorFebruary 26, 2019 - 12:47 AMT PanARMENIAN.Net - The European Union will increase financial assistance to Armenia by 20-25%, head of the EU delegation to the country Piotr Switalski told reporters on Tuesday, February 25. “Substantially more resources will be provided to Armenia from the umbrella fund,” Switalski said. The ambassador also maintained that the EU greatly values the process of reforms in Armenia. "We are now discussing concrete projects where Armenia expects the EU’s support,” the diplomat said, adding that he hopes Armenia will manage to use all the opportunities provided by the 28-nation bloc. Executive Director Richard Doornbosch of the International Monetary Fund said Monday that the IMF is ready to assist Armenia in achieving reforms currently underway in the country. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |