Urgent Projects To Be Funded

URGENT PROJECTS TO BE FUNDED

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12:24 pm | March 31, 2009

Society

The RA Ministry of Education and Sciences and the International Science
and Technology Center will sign a Memorandum of Understanding tomorrow
at the hall of the RA National Academy of Sciences presidency aimed
at co-financing of projects implemented by the ISTC.

Among participants are Executive Director of the ISTC Adriaan van
der Meer, RA Minister of Science and Education Spartak Seyranyan, RA
Minister of Economy Nerses Yeritsyan and President of the RA National
Academy of Sciences Radik Martirosyan.

According to the press release of the NAS, the memorandum will give
the Armenian side the opportunity to make its financial investments
for the implementation of urgent and significant research projects. The
signing ceremony will be held on the sidelines of the seminar dedicated
to transfer of results of research projects to trade to be held on
April 1-3.

The ISTC was established in 1992 based on the treaty signed by the
European Union, the Russian Federation, the U.S.A. and Japan. Norway,
South Korea, as well as Armenia, Georgia, Kazakhstan, Kyrgyzstan,
Belarus and Tajikistan have joined the treaty later on. The ISTC
supports the non-proliferation of technologies to produce weapons of
mass destruction.

Until now nearly 75 research and investigation organizations of
Armenia have presented more than 400 projects for funding from the
ISTC of which 154 have received 36.5 million dollars in funding.

Armenia has been a member of the Board of Directors of the ISTC two
times. The 17th and 40th sessions of the Board of Directors have been
held in Armenia.