Arman Pashikyan loses chance to win European Individual Chess Championship

PanARMENIAN.Net - Eleven rounds of the European Individual Chess Championship are over in Budva, Montenegro.



Armenia's champion Arman Pashikyan has lost his chance to win the Championship sustaining a defeat from Vladimir Hakobyan.



Arman Pashikyan and Tigran Petrosyan will continue competition in a tie-break.



The total prize fund of the Individual European Championship is 120,000 Euros. First prize is € 15,000, second is € 12,000, third € 10,000 up to 25th prize, which is € 1,000. According to Montenegro law all prizes are taxable (maximum 10%). The first 22 players will in addition qualify for the World Cup.
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