PressAM

The perfect balance on news and information

charitable organization

Business

“Founder of Armenian Charitable Organization Accused of Failing to Utilize Significant Funds, Sister Confirms Foundation’s Inactivity”

“Valeri Kocharyan’s charitable foundation in Armenia fails to utilize substantial funds received in 2023. The foundation’s inactivity is confirmed by its board members and Valeri’s sister, Irina Kocharyan. Irina explains that due to her declining health, she had to suspend the foundation’s operations. Moreover, the “Galatea” medical center, also owned by Irina Kocharyan, is temporarily non-functional.” For full details, check today’s edition of the “People” newspaper.

Business

“Entrepreneurs Rally to Support Businesswomen in Armenia’s ‘My Step Foundation’ Financing Program”

“My Step Foundation” launches programs to support businesswomen in Armenia, offering financial assistance and collaboration to expand production capacity and organize marketing events. The upcoming financing program allows investors to contribute and receive 1 million Armenian drams to support a chosen project. Successful businesswomen will also participate in funding new projects. Applications can be submitted on April 14 at the “Armas” wine factory in Yerevan, accompanied by cultural activities and music performances. Purchase a ticket worth 1 million Armenian drams for participation. Exciting news from Armenia!

“Orran Charity Raises Alarm Over Government Negligence: Lives of Children at Risk in Illegal Construction”

The “Orran” charitable organization raises concerns about safety and illegal construction permits granted by the government. The lives of children are at risk as the building violates fire safety regulations and causes disturbance. Why is safety compromised for individual comfort? Armineh Hovannissian seeks answers from the authorities.