Germany to assign 117.5 euro for Armenian to boost economy

Armenian Finance Minister Tigran Davtyan and German Ambassador to Armenia Hans-Jochen Schmidt are expected to sign an agreement on financial cooperation, the Embassy’s press center said.

According to the report, the funds will be spend for the welfare of the Armenian people and development of economy.

The agreement envisages allocation of 105.5 million euro during the year of 2010.

Besides, 12 million euro will be assigned in the framework of Caucasus Initiative.


/PanARMENIAN.Net/