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 | Armenia, Turkey discuss restoration of historic bridge The meeting took place on May 17 in Ashgabat on the sidelines of an international conference of ministers of culture. India wants Armenia’s proposals on use of Chabahar port India is expecting proposals from Armenia regarding the use of Chabahar port in Iran, Indian ambassador says. EU welcomes Armenia-Azerbaijan “progress” The EU has welcomed “progress” made in the framework of the Armenia-Azerbaijan border delimitation process. Belarus opposition leader slams Lukashenko for Karabakh trip Belarusian opposition politician Sviatlana Tsikhanouskaya has harshly criticized the visit of Lukashenko to Karabakh. |