New York Life Launched Payments to Armenian Genocide HeirsJanuary 12, 2007 - 18:51 AMT PanARMENIAN.Net - New York Life insurance company, which stated readiness to pay off compensations to the heirs of those who survived the Armenian Genocide in the Ottoman Empire in 1885-1915, has not clarified the payment mechanisms yet. However, recently there came information that the Reconciliation Foundation Council ordered the HSBC Bank Armenia to organize payments. The Bank acknowledged the receipt and informed the payments have been already launched. At that a bank employee remarked that the Foundation will send notifications to all interested persons. Besides, he assured that the payment order will be published in the near future. He also noted that all those whose appeals were complied by the Foundation will receive compensations. The process however may last over a month, reports IA Regnum. New York Life launched payments on November 11 upon receiving 2515 appeals from the Armenian Genocide heirs. The sum destined for Armenia makes $3,6 million. $2,7 will be paid to those living in the U.S. In all, Armenian residing in 26 countries will receive compensations. The sum totals some $8 million. $3 million will be distributed among philanthropic organizations. Top stories Armenian Prime Minister Nikol Pashinyan took to social media to thank his Lithuanian counterpart for the contribution. President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova. Achieving stable peace between Armenia and Azerbaijan remains a priority of the OSCE, said Ian Borg. The Cabinet of Ministers decided on Thursday, November 9 to allocated AMD 120 million to arrange the gathering. Partner news | Glendale mayor to visit Yerevan Asatryan last visited Armenia in December 2022-January 2023 as she helped establish a partnership between Armenia’s Opera House and Los Angeles Opera. Ucom’s fixed network launches in Nor Hachn City residents will be able to use fixed-line Internet, mobile communications and television in one package at more affordable prices. Ambassador summoned to Russia returns to Armenia Sergei Kopyrkin has returned to Yerevan more than two weeks after being recalled to Moscow for consultations. About 173 million drams and more than 30 beneficiary funds. "The Power of One Dram" is 4 years old In June 2020, the exclusive joint corporate social responsibility initiative of Idram and IDBank "The Power of One Dram" was launched. |