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European union grants egypt 20 million euros
Egypt-European Union, Economics, 1/22/2002
The European union has decided to grant Egypt 20 million euros as part of the Euro-Mediterranean cooperation program (meda-2) to promote commerce and exports and attract foreign investments. A source at the program told reporters the grant would support the Egyptian private sector and increase its capacities to boost exports and attract investments.
A partnership agreement recently signed between Egypt and the EU stipulates financial aid to Cairo to promote the Egyptian economy's competitiveness in this transition period that precedes trade liberalization.
Previous Stories:
EU offers 250 million euros to modernize Egypt's industry
(1/14/2002)
EU delegation, due in Cairo soon
(1/7/2002)
EU-Egypt cooperation fuels industrial modernization
(12/25/2001)
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