On June 15, National Competitiveness Foundation of Armenia (NCFA) executive director Pegor Papazian will resign his position.

The decision came as a result of lengthy discussions, NCFA reported.

“During the 20th meeting, the NCFA board of trustees confirmed the importance of Mr. Papazian's contributions to the development of the foundation's structure and direction-setting. Major programs in tourist and healthcare sectors were launched under Mr. Papazian's guidance,” NCFA report stressed.