The Government of Armenia approved an agreement between Germany and Armenia on financial cooperation during the meeting on January 21. According to Deputy Finance Minister of Armenia, the chief treasurer Atom Janjughazyan , this agreement provides the financial help from the Federal Republic of Germany amounting to 100 million euros. 20 million euros will be directed to mortgage lending program, 22 million euros - to continue the program of Vorotan Cascade’s Hydro Power Plant, 18 million euros - to finance programs in the field of renewable energy, 40 million euro – to the development of community infrastructure, as well as ecological programs.
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