THE NETHERLANDS GOVERNMENT TO PROVIDE CREDIT OF 5 MLN EURO TO ARMENIA
19/06/06
Panorama.am
The government of the Netherlands will provide Armenia with a credit of 5 mln Euro on preferential terms by the end of this year if the country does not turn down its planned economic indicators, Agnes van Arden, minister on development of cooperation of the Netherlands told a press conference in Yerevan.
In her words, the funds will be directed to enlarged business ties between the entrepreneurs of both countries and mutual attraction of investment. She noted that joint ventures are highly preferable with subsequent new employment opportunities.
It should be noted that in 2005 the Netherlands has provided Armenia with a credit of 4.7 mln Euro. The funds were directed to fund management in state sector, democratic development and establishment of civil society.
Note: Above are excerpts from the article. The full article appears here. Clarifications and comments by me are contained in {}. Deletions are marked by [...]. The bold emphasis is mine.
Panorama.am
The government of the Netherlands will provide Armenia with a credit of 5 mln Euro on preferential terms by the end of this year if the country does not turn down its planned economic indicators, Agnes van Arden, minister on development of cooperation of the Netherlands told a press conference in Yerevan.
In her words, the funds will be directed to enlarged business ties between the entrepreneurs of both countries and mutual attraction of investment. She noted that joint ventures are highly preferable with subsequent new employment opportunities.
It should be noted that in 2005 the Netherlands has provided Armenia with a credit of 4.7 mln Euro. The funds were directed to fund management in state sector, democratic development and establishment of civil society.
Note: Above are excerpts from the article. The full article appears here. Clarifications and comments by me are contained in {}. Deletions are marked by [...]. The bold emphasis is mine.
posted by Vahe Balabanian at 8:55 AM
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