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ANKARA: Armenian patriarchate establishes foundation

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  • ANKARA: Armenian patriarchate establishes foundation

    Daily Sabah, Turkey
    Jan 29 2015

    Armenian patriarchate establishes foundation

    DOGAN NEWS AGENCY


    The Armenian patriarchate based in Istanbul has founded the Hovakim
    1461 Foundation in a move to gain a new legal status for financial
    transactions.

    The foundation, named after the first Armenian patriarch after the
    conquest of Constantinople (Istanbul) by the Ottomans, will be chaired
    by Armenian Archbishop Aram AteÃ?Â?yan and other senior clerics from the
    patriarchate.

    The Armenian patriarchate had previously faced legal obstacles as it
    was not recognized as a legal entity, especially in terms of acquiring
    and running properties to obtain revenues and relied on donations to
    maintain itself. The foundation, whose establishment was approved by a
    court, will set a precedent for similar moves by the patriarchate.

    According to the foundation's charter, it will acquire properties,
    cooperate with other foundations and run businesses to sustain the
    activities of the patriarchate ranging from holding seminars to
    publishing books and magazines.

    Armenian and Greek Orthodox patriarchates do not have legal entity
    under Turkish law although the courts relieved the restrictions on
    patriarchates to both buy and operate properties. For instance, in
    2014, an Istanbul court ruled in favor of the patriarchate for the
    return of a historical building confiscated from the patriarchate by
    defining it as a legal entity.

    Minority religious communities like Greek Orthodox and Armenians long
    faced an obstacle in acquiring new properties under a 1936 regulation
    that prevented them from purchasing or being donated new properties. A
    2008 amendment removed this obstacle and a comprehensive bill enacted
    in 2011 allowed the return of properties seized from the minorities to
    be returned.


    http://www.dailysabah.com/nation/2015/01/29/armenian-patriarchate-establishes-foundation


    From: Baghdasarian
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