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Revenues Of 'Hayastan' All-Armenian Fund In 2006 Exceed By 10 Millio

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  • Revenues Of 'Hayastan' All-Armenian Fund In 2006 Exceed By 10 Millio

    REVENUES OF 'HAYASTAN' All-ARMENIAN FUND IN 2006 EXCEED BY 10 MILLION DOLLARS INDEX OF PREVIOUS YEAR

    Noyan Tapan
    Jun 19 2007

    YEREVAN, JUNE 19, NOYAN TAPAN. The trustees are satisfied with the
    results of the "Hayastan" All-Armenian Fund's activities. Executive
    Director of the fund Naira Melkumian stated this on June 19 in response
    to reporters' questions. "I am sure that the fund is becoming a
    stable, valuable and international structure," she said. According
    to her, last year the fund's revenues made 22.4 million dollars,
    which exceeded by 10 million dollars the revenues of 2005.

    N. Melkumian said that over the past 15 years, the fund has implemented
    projects of nearly 170 million dollars, including those of 44.9
    million dollars over the past three years.

    In 2007, the fund will launch the program on development of rural
    areas in Armenia and Artsakh, whose purpose is to reconstruct
    infrastructures, ensure agricultural development, and encourage
    business.
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