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 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. 10 Armenian lifters will compete in the 2021 World Championships scheduled to be held from 7 to 17 December in Tashkent. Partner news | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |