Wanted Euros

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| 19:54:04 | 10-06-2005 | Economy |

WANTED EUROS

>From next year on the Kingdom of the Netherlands will allot 5 million Euros
to Armenia. Today the Kingdom of the Netherlands Development cooperation
Minister Agnes van Arden informed the journalists about it.

Up to now the Netherlands have been giving 4.7 million Euros to our country
annually. The additional 300 000, according to the Finance Minister Vardan
Khachatryan, is enough money to realize programs. Today the Minister signed
two agreements with the representatives of the Netherlands Government. The
first program was about Economic cooperation, the second was about
Investments.

By the first agreement 2-3 programs at a time can be financed in Armenia,
costing 500 000 Euros each. As for the investments, according to Mrs. Van
Holden, the Dutch businessmen have already expressed their desire to make
investments into the agriculture and food spheres in Armenia.