Armenia evaluates EU budgetary support
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Armenia evaluates EU budgetary support

Armenian deputy foreign minister Shavarsh Kocharyan has revealed that the EU provided €27.5m to Armenia throughout 2016 as budgetary support.

During a discussion of the 2016 government budget performance, Kocharyan said: “The EU is now one of Armenia’s key partners.

“The year 2016 was rich in terms of relations with the union. Vigorous negotiations were held throughout this period to sign a new agreement between Armenia and the EU. Besides, a number of high-ranking officials, including Vice-President of the European Commission Federica Mogherini, visited Yerevan.”

In his words, the agreement on Armenia’s participation in the EU’s SME competitiveness programme for 2014-2020 has come into force.

“We have become the second, alongside Eastern Partnership member Moldova, to join this programme,” Kocharyan said adding that after long-lasting negotiations, Armenia joined Horizon 2020.

He declared that considerable progress had been made in Armenia’s co-operation with the EU in aviation.

Every year, Armenia receives €40-50m, on average, from the EU, of which some €25m is budgetary support.