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Your email address will not be published.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

President Sarkisian: History of the Humankind Being Distorted Right Before our Eyes

YEREVAN — Armenian President Serzh Sarkisian has issued an address on the…

Pashinian Vows to Move Out of Former Presidential Palace

YEREVAN (RFE/RL) — Prime Minister Nikol Pashinian said on Thursday that he…

Nikol Pashinyan, Bako Sahakian Co-Chair First Ever Joint Meeting of Security Councils of Armenia and Artsakh

STEPANAKERT (RFE/RL) — Armenian Prime Minister Nikol Pashinyan again called for Nagorno-Karabakh’s…

White House Calls for Determination of Karabakh Status, “Return of Surrounding Territories”

WASHINGTON, DC (Armradio)  — “As a co-chair of the OSCE Minsk Group, the…