The Lincy Foundation will transfer all of its assets, currently valued at $200 million to the UCLA Foundation, effectively shutting down the charitable organization founded by Armenian-American businessman Kirk Kerkorian.
Government Again Fails To Sell ‘Opposition’ Firm
The Armenian authorities have again failed to sell off a mineral water company that was controversially confiscated from a wealthy opposition-linked businessman, a senior official said on Wednesday.
Armenian Cement Plant Closed Down Amid Construction Slump
Citing a continuing slump in construction, one of Armenia’s two cement factories halted production operations and effectively laid off most of its 600 workers on Wednesday.
Government Makes New Bid To Sell ‘Opposition’ Plant
The Armenian authorities will make another attempt this week to sell off a mineral water company that was controversially confiscated from a wealthy opposition-linked businessman.
Armenia’s Tycoons Cut Donations to Armenia Fund Charity
Armenia’s leading oligarchs have all but stopped funding a pan-Armenian charity that has been implementing large-scale infrastructure projects in Nagorno-Karabakh, it emerged on Wednesday.