  Russian-Armenian billionaire launches investment fund: media September 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 |  Latest news Cyprus parliament honors Armenian genocide victims  Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide.Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed.Azerbaijan razes historic Armenian church to ground Azerbaijan has demolished the historic Armenian Church of St. John the Baptist (known as Kanach Zham).Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skills |
