EU to grant Armenia €1.5 billion for fair elections

Armenia may receive a grant of €1.5 billion if the upcoming parliamentary polls will be held without violations, ARKA reports.

EU ambassadors in Armenia sent a message, stating that €100 million will be granted to Armenia in September 2012, if observers give positive ratings to the electoral process.

The EU will organize a conference at the end of 2012 to discuss the polling results and decide on whether or not to hand the grant.