An Additional Sum Of 50 Million US Dollars


Hayots Ashkhar Daily
Published on July 23, 2008

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."