“EURASIA” FOUNDATION IMPLEMENTS PROGRAMS OF 20 MLN DOLLARS IN ARMENIA

YEREVAN, December 6 (Noyan Tapan). 70 grant programs of a total
of 1.5 mln dollars were completed in Armenia due to the financing
of the “Eurasia” Foundation last year. According to Ara Nazinian,
Director of the Fund’s Yerevan Office, 2/3 of the programs fell on the
share of organizations operating in the regions of the republic. The
financing of 25 new programs of 600,000 dollars were approved, four
program contests were held: “Business Interests Protection”, “Stable
Development of Communal Organizations”, “Regional Business Development”
and “Strengthening of Press Spread System”. V. Nazinian noticed that it
is expected that the funds for the improvement of the sphere of small
and medium enterprises, the establishment of the local self-government
bodies, the introduction of informational communication technologies in
the higher education system will be allocated in 2005. The “Eurasia”
Foundation has unfolded the activities in Armenia since 1995. The
Foundation gave 600 grants to public organizations during the recent
years. Total investments volume made about 20 mln dollars. Most of
them the Foundation received from USAID. The Armenian Diaspora, the
“Lincy” Foundation, Cafesjian and Izmirlian Foundations, the Open
Society Institute and other organizations also supported the fund.