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A New Fund "Book" With The Property Capital Worth AMD 100 Thsd IsEst

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  • A New Fund "Book" With The Property Capital Worth AMD 100 Thsd IsEst

    A NEW FUND "BOOK" WITH THE PROPERTY CAPITAL WORTH AMD 100 THSD IS ESTABLISHED IN ARMENIA

    ARKA News Agency, Armenia
    Oct 13 2005

    YEREVAN, October 13. /ARKA/. The RA government took a decision to
    establish a Fund "Book" and approved its by-laws and the staff of the
    Council of trustees. According to the RA Government's Press Service
    Department, AMD 100 thsd was assigned as a property investment in the
    fund. According to the decision, the RA Ministry of Culture and Youth
    Affairs is the state administering body representing the Fund. The
    goal of the activity of the Fund is creating favorable conditions for
    preserving, disseminating and developing written culture of literature
    heritage, ensuring information awareness of the population, as well
    as carrying out social protection of writers, editors and polygraphic
    workers. The activity of the Fund will also enable to regulate the
    issues connected with selling of the literature published with the
    support of the government, and efficient use of funds gained from
    selling of it. The Fund will be engaged in attracting additional
    financial resources. ($1 = AMD 446,77).
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