The European Union has approved 60 million euros ($75 million) in fresh assistance to Armenia which is designed to support judicial reforms and speed up the country's integration into the EU.
The annual assistance announced late on Tuesday by the EU's executive body, the European Commission, stems from its Eastern Partnership program covering six former Soviet republics. The commission said the money will be spent on "accelerating justice reform and preparing the ground for increased bilateral relations, political association and economic integration with the EU."
Armenia's Deputy Economy Minister Garegin Melkonian said on Wednesday that the largest segment of the aid package, worth 25 million euros, will take the form of budgetary funding for Armenian state bodies involved in ongoing negotiations on an "association agreement" with the EU.
Armenian News
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