The European Union (EU) will allocate a €157.3m to Armenia within the framework of the European Neighborhood Policy.

The EU plans to direct the funds to support political and economic reforms, regional and transborder cooperation between the EU partner-countries within the European Neighborhood and Partnership Instrument. Environmental, transport and energy projects will be funded as well.

Under the program Azerbaijan will receive €122.5m and Georgia €180.3m.

T.P.