EU plans to invest €250 million in the development of Syunik — Maragos
18.09.2026,
13:38
The European Union plans to invest €250 million in Armenia's Syunik region to promote the region's development and support businesses, stated Ambassador Vasilis Maragos, Head of the EU Delegation to Armenia.
YEREVAN, September 18. /ARKA/. The European Union plans to invest €250 million in Armenia's Syunik region to promote the region's development and support businesses, stated Ambassador Vasilis Maragos, Head of the EU Delegation to Armenia.
"Next week we are traveling to Syunik, where we plan to invest €250 million in the region's development and business support," Azatutyun Radio quotes Maragos as saying.
The ambassador emphasized the importance of investing not only in infrastructure and economic development, but also in human capital.
"It is truly essential that we continue to support human capital, which every country needs not only for its economy but also for democratic and societal resilience, which we need to see much more of in the future," Maragos said.
Earlier, during her visits to Armenia and Azerbaijan, European Commission President Ursula von der Leyen announced the EU's readiness to invest up to €200 million in developing the region's transport, energy, and digital connectivity.
The funds are intended to strengthen ties, reduce economic fragmentation in the South Caucasus, and develop its transport and economic connectivity with Europe and Central Asia.
"Next week we are traveling to Syunik, where we plan to invest €250 million in the region's development and business support," Azatutyun Radio quotes Maragos as saying.
The ambassador emphasized the importance of investing not only in infrastructure and economic development, but also in human capital.
"It is truly essential that we continue to support human capital, which every country needs not only for its economy but also for democratic and societal resilience, which we need to see much more of in the future," Maragos said.
Earlier, during her visits to Armenia and Azerbaijan, European Commission President Ursula von der Leyen announced the EU's readiness to invest up to €200 million in developing the region's transport, energy, and digital connectivity.
The funds are intended to strengthen ties, reduce economic fragmentation in the South Caucasus, and develop its transport and economic connectivity with Europe and Central Asia.
