EU approves $6.4bn financial support package for Egypt
November 14, 2012 - 21:59 AMT
PanARMENIAN.Net - The European Union has approved a 5bn-euro ($6.4bn) financial support package for Egypt, Egyptian officials say, according to BBC News.
A statement by President Mohammed Mursi's office said the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) would each provide 2bn euros.
The remaining 1bn euros would come from EU member states, the statement added.
The announcement came after Mr Mursi held talks with the EU's foreign policy chief, Catherine Ashton, in Cairo.
In a statement, the presidency said the packages was "a strong sign of the EU's support for Egypt's path to development".
Representatives of some 100 of Europe's largest firms as well as European Commission members and European MPs are participating in the meetings, due to conclude later on Wednesday.
Their focus is on strengthening bilateral relationships between Egypt and the European Union and deepening economic co-operation.
Across a swathe of southern Turkey, people sought temporary shelter and food in freezing winter weather.
The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.
The Prosecutor’s Office has released surveillance footage and said that one of the detainees in the case, Iveri Melashvili.
Destinations welcomed 900m fewer international tourists in January–October when compared with the same period of 2019.
Azerbaijan uses mortars to violate Karabakh ceasefire On May 30, the Armed Forces of Azerbaijan deployed firearms and mortars to violate the ceasefire in Nagorno Karabakh.
Armenia attracts record amount of foreign direct investments, says Minister Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.
Ucom unveils new roaming tariff for over 65 countries Ucom’s mobile voice service subscribers can now enjoy a starting rate of 2.99 AMD per 1 MB when travelling to more than 65 European.
Armenia denies Azerbaijan's ceasefire accusations The Armenian Defense Ministry has denied reports from Baku alleging that Armenian forces violated the ceasefire in several section of the border overnight.