Caucasus Nature Fund Allocates €320,000 to Armenia's Protected Areas

The Caucasus Nature Fund (CNF) has made the first financial transfers for the 2021 fiscal year to four state non-commercial organizations under the Armenian Ministry of Environment. In total, €320,000 has been allocated.

Of this amount, €127,500 has been designated for the 'Zangezour' biosphere complex, €80,000 for the 'Khosrov Forest' state reserve, €82,500 for the 'Dilijan' National Park, and €30,000 for the 'Arpi Lake' National Park.

The allocated funds will co-finance the current expenses of these organizations along with the state budget, specifically focusing on the salary increments for employees and covering necessary expenses to ensure the effective operations of the organizations.

The Caucasus Nature Fund, the Ministry of Environment of Armenia, and the four state non-commercial organizations have signed a three-year agreement, under which a total of €1,920,000 is planned to be allocated to these organizations for the years 2021-2023.