EU to allocate over €200M to Armenia

The European Union (EU) will allocate more than 200 million euros for the economic development of Armenia, European Commissioner for Enlargement Marta Kos stated at a joint press conference with Armenia's Deputy Prime Minister Mher Grigoryan in Yerevan today, Report informs.

"I announce that we are launching the second phase of the resilience and development program for Armenia. This means that more than 200 million euros will be directed to support investments in the development of connections, sustainability, and business in Armenia," she said.

According to her, this program serves to support reforms in areas of great importance for Armenia: "Therefore, we agreed to a high-level conference."