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Germany Allocates 795m Euroes To Armenia For Financial, Technical Co

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  • Germany Allocates 795m Euroes To Armenia For Financial, Technical Co

    GERMANY ALLOCATES 795M EUROS TO ARMENIA FOR FINANCIAL, TECHNICAL COOPERATION

    Mediamax
    Sept 13 2007
    Armenia

    Yerevan, 12 September: The annual Armenian-German intergovernmental
    talks were held in Yerevan on 11-12 September. Following the talks,
    an agreement was signed on allocating financial aid worth 79.5m euros
    to Armenia.

    The agreement was signed by Armenian Minister of Finance and Economy
    Vardan Khachatryan and Head of the Central Asia and South Caucasus
    Division of Germany's Federal Ministry of Economic Cooperation and
    Development Rolf Baldus in Yerevan today, Mediamax reports.

    Khachatryan said that 74m euros will be allocated for the development
    of financial cooperation and 5.5m euros for technical cooperation.

    Germany has rendered assistance worth 265m euros to Armenia since 1993.
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