ARMENIA MAY GET ABOUT 130MLN FOR IMPLEMENTATION OF EUROPEAN NEIGHBORHOOD POLICY PROGRAMS

ARKA News Agency, Armenia
July 25 2007

YEREVAN, July 25. /ARKA/. Armenia may get about ~@130mln for the
implementation of a program of the Armenia-EU cooperation program,
RA Deputy Foreign Minister Armen Baiburdyan told reporters.

The EU planned to allocate ~@100mln to Armenia, but if the program
is a success, the financing will be increased up to ~@130mln by the
fifth year of its implementation, Baiburdyan said.

He pointed out that in 2007 alone the EU is to allocate ~@21mln to
Armenia in the form of two tranches – ~@16mln and ~@5mln for the
implementation of specific programs.

Baiburdyan also reported that the funds will be supplied to Armenia
this autumn.

Earlier, RA Minister of Trade and Economic Development Nerses
Yeritsyan pointed out that a total of ~@100mln will be allocated
for the implementation of measures under the Armenia-EU cooperation
program. The funds will be allocated as a grant.