Endowment law discussed in YerevanOctober 19, 2009 - 13:42 AMT PanARMENIAN.Net - RA Endowment Law was discussed in Yerevan on October 19. As stockholder of Grant Thornton Amyot LLC Gurgen Hakobyan told PanARMENIAN.Net the company developed the bill by order of Eurasia Partnership Foundation. "It aims at creation of legislative base for non-governmental organizations to form and use targeted capital," he said. "The law will help Armenian NGOs be more self-sufficient. An important provision in this bill is that the income the NGOs will get from the capital will be tax-free. The cash assets will work through investment companies (pension fund, banks) and the NGOs will get dividends." For her part, Eurasia Partnership Foundation Programs Manager Marina Mkhitaryan said that the experience of Czech Republic and Germany in introduction of corporate social management was used for development of the bill, which will help efficient spending of funds. Top stories David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Prime Minister Nikol Pashinyan has met with Stephan Schütz, Executive Partner at Gerkan, Marg and Partners. The number of state universities will be reduced from 23 to 8 by 2030, Minister of Education, Science, Culture and Sport Zhanna Andreasyan has said. From September 21 to November 11, a total of 2,820 Russians registered at a place of residence in Armenia, the police has said. Partner news | U.S. warns Georgia not to side with Moscow against the west Georgia has been warned by the U.S. not to become an adversary of the west by falling back in line with Moscow. Moscow slams EU mission in Armenia for “provocative activity” The EU mission is doing more and more against Armenia’s neighbors Russia, Azerbaijan and Iran, Mikhail Galuzin said. Armenia, India hold first defense consultations The meeting was attended by Indian Ambassador Nilakshi Saha Sinha and Defense Attaché Brigadier General Naveen Nijhawan. Court in Azerbaijan extends former Karabakh leader’s arrest by 5 months The Binagadi District Court in Azerbaijan has granted the prosecutor’s petition to extend the arrest of Arkady Ghukasyan. |