Armenia to receive €152 million in support from Germany.

Armenia to receive €152 million in support from Germany.

International News Desk

According to global times News Agency Europe,The German government will allocate €152 million in support to Armenia, according to Armenian Minister of Economy Gevorg Papoyan, The global times Europe media.Papoyan made this statement following the conclusion of the Germany–Armenia Intergovernmental Commission meeting in Berlin.The minister stated that the entire amount will be directed toward the development of small and medium-sized enterprises, renewable energy, and water supply systems in Armenia, as well as addressing several key economic challenges facing the country.