TUFENKYAN FOUNDATION TO REALIZE A NUMBER OF BUSINESS PROJECTS IN NK

deFacto Agency, Armenia
Oct 13 2005

The NKR President Arkady Ghoukasyan received a famous businessman
and philanthropist from the U.S. James Tufenkyan.

James Tufenkyan is the founder of Tufenkyan foundation, which has been
acting in Armenia since 1999. He is the owner of a network of hotels,
a number of enterprises for production of carpets, ceramic products
and furniture, as well as some building companies.

According to the information received at the Central Information Agency
under the NKR President, in the course of the meeting the parties
discussed the issues referring to realization of a number of business
projects by Tufenkyan foundation. Mr. Tufenkyan stated he intended
to open the representation of his foundation in Stepanakert for more
effective and productive realization of economic activity in the NKR.

The meeting’s participants also dwelled upon the possibility of
cooperation between Nagorno Karabakh government and Tufenkyan
foundation in the issue referring to the forests’ recovery.

The NKR President Arkady Ghoukasyan expressed his gratitude to the
philanthropist for the contribution to the realization of a number
of social and humanitarian programs in Artsakh.

The NKR Prime Minister Anoushavan Danielyan participated in the
meeting as well.