ARMENIA TO RECEIVE 100 MILLION EUROS FROM GERMANY IN 2010
PanARMENIAN.Net
21.01.2010 14:34 GMT+04:00
/PanARMENIAN.Net/ The Government of Armenia approved an agreement
between Germany and Armenia on financial cooperation during the
meeting on January 21. According to Deputy Finance Minister of
Armenia, the chief treasurer Atom Janjughazyan , this agreement
provides the financial help from the Federal Republic of Germany
amounting to 100 million euros. 20 million euros will be directed to
mortgage lending program, 22 million euros – to continue the program
of Vorotan Cascade’s Hydro Power Plant, 18 million euros – to finance
programs in the field of renewable energy, 40 million euro – to the
development of community infrastructure, as well as ecological programs