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