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The EU and Armenia Signed Financing Agreements on Private Sector Development and on Human Rights Support

On December 11 the EU and Armenia signed Financing Agreements on private sector development (€7 million) and on human rights support (€12 million).

As the official website of the European Commission writes, the program on human rights represents an ambitious undertaking which is meant to support Armenia in tackling key issues related to anti-discrimination, children rights, as well as prevention of torture and gender-based violence.

As for the private sector the new program will support the creation and development of small and medium size enterprises (SME) by strengthening the government and the organized private sector in implementing the national policy for SME development, and by facilitating incubation of innovative small businesses.

"The EU will continue to assist Armenia on its internal political, social and economic reform processes, based on the future new legal framework for bilateral cooperation and within the larger perspective of the Eastern Partnership," the website writes.

 

 

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