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.