Armenia and Netherlands signed two documents yesterday. The first one is a memorandum of mutual understanding within the framework of cooperation projects and the second one – an agreement to encourage and secure investments.
Vartan Khachatrian, RA minister of finances and economy, shared with the contents of the documents as soon as they were signed. He pointed out that the government of the Netherlands has been continuously supporting Armenia with different grants since 1998. It promised previously that money allotted to the Armenian budged will amount to 1.3 million euros, Holland assigned far greater sum – 4.7 million euros.
According to the new document, the Dutch government will lend support to those businessmen of the country who will decide to start business in Armenia. Each shared business will receive 5 thousand euros; annually there will be 3 such common business projects. Seeing this as an important aspect, Dutch minister of economic development Mrs. Van Arden noted that Armenia simply needs investments to set the wheels in motion. The minister said that her country has suchlike agreements with 32 states. She also stated that the Dutch government has decided to increase the aid to Armenian budget raising it from 4.7 to 5 million euros.
Deputy prime minister and minister of finances of Holland, Herit Zal, shared with his impressions of Armenia and said that this was his third visit. First time he was in Armenia in 1995 and says that the country has palpably developed during those 10 years.
By Ara Martirosian
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