Greece’s deputy foreign minister Ioanis Magriotis unveiled at a Friday news conference, convened at the Armenian Development Agency (ADA) some details of a development project, supposed to be carried out in Georgia, Ukraine and Armenia by the Black and Balkan Business Center.
The project in question will kick off later this year and will run up to 2006. The 6 million euro expected to be released by the government of Greece will be supplemented by money from Greece’s Commercial Bank. The project is composed of three main components, encompassing health, education, culture and business areas. The first component will target the health needs of people in remote areas, the second foresees establishment of Greek culture and language center and the last component pertains to financial assistance to about 60 small and medium-sized enterprises. The share of Armenia will most likely make about 1.5 million euro. The deputy minister also reminded that his government has pledged $100,000 aid to Armenian government to help ease the aftereffects of a severely cold winter that damaged heavily the country’s vineyards and orchards.
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