European Commission wants control on fundingOctober 6, 2011 - 14:34 AMT PanARMENIAN.Net - The European Commission wants to be able to suspend parts of the next multibillion euro (dollar) funding program for poorer regions if too much money is lost through bad economic policy or insufficient oversight. In a carrot-and-stick approach, the European Union's executive announced Thursday, October 6, that its proposals to spend euro336 billion over seven years also will include financial rewards for projects that stick closest to their commitments. The proposals will now be taken up by the 27 member states, and the new multibillion euro (dollar) program should kick in by 2014, The Associated Press reported.   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 |  Latest news Turkey extends military presence in Azerbaijan  The Turkish parliament has adopted a bill submitted by Recep Tayyip Erdogan to extend the mandate of Turkish troops.Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skillsArmenian, Saudi Foreign Minister meet in Riyadh The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi ArabiaPashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”. |
