A NEW FUND “BOOK” WITH THE PROPERTY CAPITAL WORTH AMD 100 THSD IS ESTABLISHED IN ARMENIA

ARKA News Agency, Armenia
Oct 13 2005

YEREVAN, October 13. /ARKA/. The RA government took a decision to
establish a Fund “Book” and approved its by-laws and the staff of the
Council of trustees. According to the RA Government’s Press Service
Department, AMD 100 thsd was assigned as a property investment in the
fund. According to the decision, the RA Ministry of Culture and Youth
Affairs is the state administering body representing the Fund. The
goal of the activity of the Fund is creating favorable conditions for
preserving, disseminating and developing written culture of literature
heritage, ensuring information awareness of the population, as well
as carrying out social protection of writers, editors and polygraphic
workers. The activity of the Fund will also enable to regulate the
issues connected with selling of the literature published with the
support of the government, and efficient use of funds gained from
selling of it. The Fund will be engaged in attracting additional
financial resources. ($1 = AMD 446,77).