November 29, 2000 - 19:58 AMT
KOCHARIAN RATIFIES THE MEMORANDUM OF MUTUAL UNDERSTANING BETWEEN THE GOVERNMENT AND "LINCY" FOUNDATION
29.11.2000, MEDIAMAX, YEREVAN. Armenian President Robert Kocharian signed an order ratifying the "Memorandum of mutual understanding", signed by the Government of Armenia and the "Lincy" Foundation.
Armenian Government and "Lincy", patronized by American billionaire Kirk Kerkorian, signed on November 20, 2000 "Memorandum of mutual understanding", regulating the allocation of $165 mln by the foundation for Armenian economy development. 6 main projects, to be financed by the foundation, are specified in the document. -0-