Baku. Vusal Nabiyev - APA-Economics. German government will allocate €4 million grant to Azerbaijan as a part of the project on support of protected areas in the region of Zagatala-Balaken, APA-Economics reports citing to Interfax agency.
The relevant document was signed by Minister of Finance Samir Sharifov, Minister of Ecology and Natural Resources Huseyn Baghirov and Director of Eastern Europe, Caucasus and Central Asia Department of KfW Eva Vit.
The project’s cost is €4.5 million and €4 million will be grant. The project will be implemented in 2016-2019.
Baghirov said the funds will support development of villages around Zagatala State Reserve and the region.
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