The indicative allocation by EU  to Armenia will make between €140–170 million for the period of 2014-2017.

Following consultation with partner countries, EU member States and the European Parliament, the European Commission has taken decisions providing important EU funding to the partners in the EU Neighbourhood in the coming years.

This package includes programming documents for Algeria, Armenia, Azerbaïjan, Belarus, Jordan, Lebanon, Libya, Morocco and Tunisia, as well as for regional cooperation in both the Eastern and Southern neighbourhood and for European Neighbourhood-Wide programmes. The total amount of these programmes is over €5,5 billion.

The three priority sectors of intervention to be financed through this envelope are the following: private sector development, public administration reform and justice sector reform.

“Our relationship with the countries in our Neighbourhood has always been one of my priorities. We have strong links with these countries and an important role to play in helping them deal with the political and economic challenges they face. We are committed to accompany them on their path to peace, democracy and socio-economic development,” EU High Representative Catherine Ashton said.

Štefan Füle, European Commissioner for Enlargement and Neighbourhood Policy, said: “Ambition and commitment to reforms will guide the massive EU funding for our Neighbours for the coming years. Priorities for support have been established through close dialogue with our partners, involving all the relevant stakeholders, in the spirit of ownership and partnership. The funding will help them address key challenges their societies are facing” .

The new European Neighbourhood Instrument with a budget of €15.4 billion for the period 2014-2020 will provide the bulk of funding to the 16 partner countries covered by the European Neighbourhood Policy (ENP).