EUR 100MLN TO BE ALLOCATED TO ARMENIA TO IMPLEMENT EVENTS ON ARMENIA-EU PROGRAM

ARKA News Agency, Armenia
July 19 2007

YEREVAN. July 19. /ARKA/. To implement the program of priorities
and events on the program Armenia-EU, EUR 100mln will be allocated
to Armenia within the coming five years, said RA Minister of Trade
and Economy Nerses Yeritsyan when presenting the government-approved
list of priorities and events for 2007 within the program Armenia-EU
of the European "New neighborhood" policy.

"These means will be allocated fully as grant. The further financing
will depend on the speed of implementation of the work," he said.

He said that the Government’s decision defines three main directions
for 2007.

"First of all, the schedule of events is approved, which will
become basis for the implementation of concrete events for all
the departments, second, the events should correspond to the RA
Government’s Action program for 2008-2012. Third, quarterly monitoring
system for program execution should be implemented," he said.

Yeritsyan said that the program of events covers all spheres of
state activity, in particular, political, financial, social, and
education sphere.

"This is a long-term program and due to it we will be able to implement
advanced European experience in Armenia and get financial assistance
for institutional changes. In particular, technical assistance will
be rendered as well as exchange of experience with similar European
structures," the Minister said. He informed that these events
will give a chance to establish direct communication with European
structures.