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  • An Additional Sum Of 50 Million US Dollars

    AN ADDITIONAL SUM OF 50 MILLION US DOLLARS

    Hayots Ashkhar Daily
    Published on July 23, 2008
    Armenia

    American-Armenian businessman Serob Ter-Poghosyan, Executive Director
    of "Metalarins" company, has responded to President Serge Sargsyan's
    message addressed to all the Armenians during the opening ceremony of
    "Baze" Pan-Armenian Youth Gathering. In the letter addressed to the
    President, S. Ter-Poghosyan said,

    "Dear President,

    I became very enthusiastic when I heard you call on the Armenians
    scattered all over the world to make their investment in the economic
    development of the Republic of Armenia.

    The provinces of Armenia must not fall behind the capital city in
    their everyday life. We know that the issue of the development of the
    provinces is one of your priority tasks. Therefore, dear President,
    I have the honor to inform you that my colleagues and I am ready
    to invest a sum of 50 million US Dollars for the implementation of
    social programs, as well as programs aimed at the development of
    industry and tourism. We are now discussing the possibilities for
    making large-scale investments in the provinces. I hope the invested
    sum will thrice increase in that case."
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