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.   Top stories Azerbaijani authorities report that they have already resettled 3,000 people in the Nagorno-Karabakh town of Stepanakert. On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit. Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive.   Partner news |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesArmenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats.Balance of attached cards in the Idram&IDBank app From now on, users will be able to view the online balances of cards issued by ArCa system banks and attached to the app. |
