According to the results of the year, we have projects equivalent to 550 million euros with the EU, which have been launched and are in one or another phase. Armenian Deputy Prime Minister Mher Grigoryan told this to reporters Thursday.

"A large part [of these projects] will go to the development of small and medium-sized enterprises. We are collaborating with the Central Bank [of Armenia], and we hope that it will move very efficiently and quickly because there are mechanisms for co-lending and subsidizing.

Regarding the stabilization of Syunik Province, there is a package of projects worth more than 50 million euros, which are in the phase of being launched. The wheel has moved. Of course, it would be much more desirable if the programs were more extensive.

I agree that it should be done faster, but a task that if it is not done within an X period, cooperation is no longer possible or available, that is not the case," said the Armenian deputy PM.