ONLY 1% OF ANNUAL INCOMES OF ARMENIAN BUSINESSMEN ALLOCATED TO SOCIAL INVESTMENT SECTOR
Noyan Tapan
Oct 24, 2007
YEREVAN, OCTOBER 24, NOYAN TAPAN. A study conducted by the Eurasia
Foundation shows that Armenian businessmen allocate only 1% of their
annual incomes to the social investment sector, coordinator of the
Eurasia Foundation Armenian Office programs Marine Aivazian stated at
the October 24 press conference. According to her, Armenian businessmen
are not yet aware of the importance of social investments because of
being insufficiently informed about it.
M. Aivazian said that with the aim of encouraging social investments
in Armenia, the foundation envisages to organize courses on
development methods of a strategy on corporate social investments
by business companies, promote the cooperation of businessmen and
social organizations in social programs and contribute to exchange
of experience with foreign companies making social investments in
their countries.
In the words of deputy director of Ashtarak Kat CJSC Narine Melikian,
since 2000, their company has allocated 5% of its annual income to
the social investment sector, in particular, it provides assistance
to education, science, road construction. Since 2006, Ashtarak Kat
CJSC has been implementing a social investment program, under which
it opens new milk purchase and veterinary points. It is also envisaged
to found artificial insemination stations for neat cattle.