€270 million EU Resilience and Growth package for Armenia in finalization phase, says deputy FM

YEREVAN, NOVEMBER 5, ARMENPRESS. The EU plans to provide €270 million support to Armenia under the Resilience and Growth package, Deputy Foreign Minister Paruyr Hovhannisyan has said.

“It is planned to provide €270 million worth support to Armenia under the resilience and growth program. The program is for 4 years. The project is in the finalization phase,” Hovhannisyan said at a parliamentary committee hearing on the 2025 state budget bill.

In April 2024, the President of the European Commission, Ursula von der Leyen, announced a substantial Resilience and Growth package for Armenia, to underpin the Armenia-EU Partnership Agenda.  

The announcement was made after a trilateral meeting between the EU, the US, and Armenia, held in Brussels.

“We are delivering on a promise we made last October: the promise to stand shoulder to shoulder with Armenia, and at the same time, the promise to set a vision for the future of our partnership,” Von der Leyen told a press conference in April. 

To underpin this partnership, the EU is proposing a €270 million Resilience and Growth Plan for Armenia for 2024-2027: €200 million in grant assistance and €70 million in grant funding to leverage investments in connectivity, resilience and business development.

“We will invest in making the Armenian economy and society more robust and resistant to shocks. We will support your businesses, your talents, in particular your small and medium enterprises, so that we can help them to grow, to innovate and to access new markets. And we will invest in key infrastructure projects,” Von der Leyen said.