European Parliament gave its backing to 100mln EUR aid for Armenia

24.11.2009 | 17:39 Home / News / News /

Yerevan /Mediamax/. European Parliament gave its backing today for €100 million in budget aid for Armenia to finance the external balance of payments and state budget deficit.

Mediamax reports that EU will allocate a €65 million loan and a €35 million grant for Armenia.

EU Commissioner Sim Kallas said today that EU Council will adopt the decision on allocating means in the next few days.

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