EU to allocate €100mln. macroeconomic assistance to Armenia

EU decided to allocate €100mln. macroeconomic assistance (€35mln. - grant, €65mln. - loan) to Armenia, this was stated at Armenia-EU political consultations of the EU Political and Security Committee, held in Brussels Wednesday, MFA reported.

EU delegation will visit Armenia in February, 2010 to discuss signing of the memorandum of understanding.

Armenian delegation was chaired by the Head of Armenian Mission to the EU, Ambassador Avet Adonts, the EU delegation was headed by Swedish Ambassador to Political and Security Committee Olof Skoog.

In the course of consultations, the sides discussed issues on Armenia-EU political cooperation. The delegations also touched upon Armenia’s domestic political situation, global crisis impact on country’s economy and government’s efforts to overcome its impacts.