"Armenia" Foundation – All projects conducted

Panorama.am

17:29 27/05/2008

-ARMENIA- FOUNDATION – ALL PROJECTS CONDUCTED

-Last year more than 22mln dollars were transferred to
foundation budget and 11mln of it was disposed to
Nagorno Karabakh for the ongoing and new life called
projects. All the projects are ongoing ones and I have
reported that because of the foreign currency and
construction materials price changes we did not have
any other choice but to stop several projects
implementation,- said Vahe Aghabekyans the director of
-Armenia- foundation in the session of board of
trustees.

V. Aghabekyan recommended the board of trustees to
form a labor group which will research the market in
three months period and prepare a package of
proposals. -The foundation is rather skillful and
experienced institution, and it needs to be modernized
in order the new challenges are met,- he said.

Source: Panorama.am