YEREVAN. – At Thursday’s Cabinet meeting, the government approved the proposal to sign a funding agreement between Armenia and the European Commission on Armenia’s fight against COVID-19.

The matter was presented by Deputy Prime Minister Mher Grigoryan, noting that this assistance was in the amount of 30 million euros, and all the assistance will be provided as a direct budget support.

Moreover, 80% (24 million euros) of it shall be provided as a lump sum—and without any preconditions.

After that, the remaining 6 million euros shall be provided as a result of achieving the goals set out in the special preconditions of the aforesaid agreement.