YEREVAN — The Armenian government expects to receive next year some 34.4 million euros as grants from the European Union, despite the fact that it is joining the Eurasian Economic Union, first deputy finance minister Pavel Safaryan said today during a parliamentary discussion on the 2015 draft budget.

He said 14.4 million euros of that amount will come as targeted grants, which must be spent on specific programs, and 20 million euros as grants for budget support to be spent at the discretion of the government.

He said the expected amount is as much as the government received this year from the European Union as grants.

Deputy foreign minister Shavarsh Kocharyan said the EU was and is one of the important partners of Armenia.”In the near future we plan to hold discussions on the trade-economic component of our cooperation with the EU. This will be followed by political consultations between Armenia and the EU with a view of forming a new framework of cooperation,” the Deputy Foreign Minister said.

“The European Union remains an important partner and Armenia is interested in deepening cooperation with the EU, taking into account its commitments assumed as a member of the Eurasian Economic Union,” said Kocharyan.

Leave a Reply

Your email address will not be published. Required fields are marked *

Sign Up for Our Newsletters

Get notified of the latest updates from MassisPost.

You May Also Like

Peace of Art Commemorates the Centennial of the Armenian Genocide with Billboard Displays

By Rosario Teixeira BOSTON – In commemoration of the centennial of the…

AUA Researchers Share Findings from H. Hovnanian Family Foundation-Funded Environmental Project

YEREVAN — On July 13, the American University of Armenian (AUA) hosted…

Primate Engages Parish Leaders in Diocese-Wide Community Building Initiative

BURBANK — The Primate of the Western Diocese of the Armenian Church…

AraratCement Placed Under Armenian Government Management and Custody

YEREVAN — As part of proceedings concerning the confiscation of assets of…