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The Netherlands Geovernment To Provide Credit Of 5 Mln Euro To Armen

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  • The Netherlands Geovernment To Provide Credit Of 5 Mln Euro To Armen

    THE NETHERLANDS GOVERNMENT TO PROVIDE CREDIT OF 5 MLN EURO TO ARMENIA

    Panorama.am
    14:39 19/06/06

    The government of the Netherlands will provide Armenia with a credit
    of 5 mln Euro on preferential terms by the end of this year if the
    country does not turn down its planned economic indicators, Agnes van
    Arden, minister on development of cooperation of the Netherlands told
    a press conference in Yerevan.

    In her words, the funds will be directed to enlarged business ties
    between the entrepreneurs of both countries and mutual attraction of
    investment. She noted that joint ventures are highly preferable with
    subsequent new employment opportunities.

    It should be noted that in 2005 the Netherlands has provided Armenia
    with a credit of 4.7 mln Euro. The funds were directed to fund
    management in state sector, democratic development and establishment
    of civil society.

    From: Emil Lazarian | Ararat NewsPress
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