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High Revenues in Azerbaijan Leads to Decrease of EU Assistance

Business Materials 18 July 2007 16:39 (UTC +04:00)
High Revenues in   Azerbaijan Leads to Decrease of EU Assistance

Azerbaijan, Baku /corr. Trend S.Ilhamgizi / High revenues per capita in Azerbaijan will result that the European Union (EU) will allocate Azerbaijan less funds than Georgia and Armenia, said the European Commission's envoy to Azerbaijan, Alan Vaddams, on 18 July in Baku at the conference on Azerbaijan-European Neighborhood Policy.

The EU allocates €92mln to Azerbaijan per year. Vaddams said that the amount of the allocated funds is defined on the base of the revenues per capita in the countries and there is discrimination in this regard. "We consider that €92mln will satisfy the demands of Azerbaijan," Vaddams said.

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