Armenia to receive 157.3 million euro as part of European Partnership and Neighborhood Instrument

EU Commissioner for Enlargement and European Neighborhood Policy Stefan Fule and Armenian Minister of Economy Nerses Yeritsyan signed a Memorandum of Understanding regarding the National Indicative Program 2011-2013 for Armenia.

On March 2, 2010, the European Commission based on bilateral negotiations with the Republic of Armenia adopted the National Indicative Program 2011-2013, which foresees an indicative allocation of 157.3 million euro from the European Partnership and Neighborhood Instrument (ENPI).

This includes a minimum of 32 million euro earmarked for the Comprehensive Institution Building program and a minimum of 7 million euro reserved for the Cohesion Policy. The assistance will focus on three priority areas – democratic structures and good governance; trade and investment, regulatory alignment and reform; Socio-economic reform and sustainable development.

The principle objective of the EU-Armenia cooperation is to develop an increasingly close relationship between the EU and Armenia, going beyond past levels of cooperation to deeper political cooperation and gradual integration.


/PanARMENIAN.Net/