Russian-Armenian billionaire launches investment fund: mediaSeptember 12, 2018 - 12:33 AMT PanARMENIAN.Net - After the sale of the shares of Magnit - one of Russia's largest food retailers - Russian businessman of Armenian origin Sergey Galitsky (Arutyunyan) has created an investment fund, which has already considered several options for investment in food production, Kommersant reports citing two sources familiar with the matter. The sources, however, failed to disclose the name of the fund and its size. According to data from Russia’s Unified State Register of Legal Entities, Galitsky established SN Capital LLC in Krasnodar in June 2018. The main activity of the new company is provision of financial services. According to one source, the new fund has already hired the staff. Several food producers in the south of Russia have reportedly been considered for investment, but no projects have so far been selected, says the other source. Galitsky or his representatives were not available for comment. Related links: Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |