The European Union will provide more than €200 million to Armenia under the second stage of the Resilience and Growth Plan, European Commissioner for Enlargement Marta Kos announced at a press conference in Yerevan.
She said the funding would boost investments in connectivity, resilience and business development.
''This is evidence of Armenia's commitment to a clear reform agenda. This also demonstrates your clear commitment to implementing reforms in key areas,'' Kos stated.
She noted that the EU is ready to support Armenia in transport, digitalization, trade, energy and infrastructure projects, in line with the "Crossroads of Peace" project.
Kos emphasized that investing in the peace process remains one of the EU’s priorities.
“When we address economic developments and relations, we often forget how important it is to live in peace. Europe is founded on peace and is a partner for peace. The South Caucasus and Armenia are a very important part of the changes that will change the situation in Europe and the region,” she said.
The EU Commissioner highlighted that more than €2.5 billion in investment has already been mobilized for Armenia since 2021. She also mentioned an agreement signed with the European Bank for Reconstruction and Development (EBRD) to improve customs operations and to support refugees and their host communities.
Kos added that the EU is actively working on developing an international and interregional connectivity agenda, linking Europe with Central Asia through the South Caucasus, including Armenia.
