FIDE sets minimum prize funds for European championshipsApril 20, 2012 - 12:07 AMT PanARMENIAN.Net - The President of ACP GM Emil Sutovsky shared some of the key decisions reached by FIDE at the last Presidential Board in Elista on the air of Chess-News radio. In particular, according to Sutovsky, FIDE set the minimum prize funds for the continental competitions, chess-news.ru reports. "I prepared statistics of the prize funds that European championships used to have, showing how they gradually declined coming down to the fact that this year the players were paid a little bit more than €80,000 after deduction. FIDE considered that doesn't correspond to the level of the Continental championship, so it has reached an agreement stating that from 2014 the minimum prize fund, including taxes, should be no less than 150 thousand euros for men championship and 100 thousand euros for women's one." The Grandmaster added that the requirements for other Continental championships will be developed separately. Top stories Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Armenian gymnast, Olympic bronze medalist Artur Davtyan has reached the finals of the World Cup. Gor Manvelyan has denied reports alleging that he has expressed a desire to one day play for the French national team. Roma midfielder Henrikh Mkhitaryan is not considering FC Spartak Moscow as his next haven, according to fresh reports. Partner news | Politico: Belarus delivered advanced weapons to Azerbaijan in 2018-2022 Belarus delivered advanced weapons to Armenia’s enemy even though both countries were supposedly allies in a defense pact. Armenia Security Council chief to attend Ukraine peace summit Secretary of the Security Council of Armenia Armen Grigoryan will take part in the Ukraine peace summit in Switzerland. Armenian govt. approves ratification of EAEU-Iran free trade deal At a meeting on Friday, June 14, the Armenian government approved the ratification of an EAEU free trade agreement with Iran. Deputy U.S. Secretary of State to arrive in Yerevan Deputy Secretary of State for Management and Resources Richard R. Verma will travel to Yerevan, Armenia from June 17-19 to. |