ISTC TO DISCUSS ISSUE OF FINANCING 5 PROJECTS SUBMITTED BY ARMENIAN SCIENTIFIC CENTERS

Noyan Tapan
March 28, 2008

YEREVAN, MARCH 28, NOYAN TAPAN. The 46th sitting of the board of
managers of the International Science and Technology Center (ISTC) will
be held in Dushanbe, the capital city of Tadjikistan, on April 8-9. The
issue of financing 5 projects submitted by Armenian scientific centers
will be discussed at the sitting, NT correspondent was informed by
Hamlet Navasardian, chief manager of the ISTC’s Armenian regional unit.

He considered as possible the approval of some projects submitted for
financing previously by Armenian scientific research institutions. In
particular, at the previous sitting held in December, the ISTC board
of managers approved an Armenian project submitted a year ago.

H. Navasardian said that this center, which was established with the
aim of encouraging the use of capacities of the military-industrial
complex of CIS countries for peaceful purposes, has financed 2,579
projetcs of a total of 785.59 mln dollars presented by scientific
centers of CIS countries.

According to him, since Armenia’s inclusion in ISTC programs 13 years
ago, the ISTC has received about 300 bids for project financing from
various Armenian scientific centers, and 141 bids of a total of 31.56
mln dollars have been satisfied. 42% of Armenian projects is financed
by the EU, 36% – by the U.S, the rest – by Japan, South Korea, Norway
and Canada.