RA Ex-President Robert Kocharyan appointed as an Independent Director of Systema AFCJune 29, 2009 - 16:38 AMT PanARMENIAN.Net - Systema AFC OJSC, the largest public diversified financial corporation in Russia and CIS, held an annual Shareholders' Meeting on June 27. Directors' Boards was expanded from 10 people to 13. 3 new Directors were appointed into the Board: Systema AFC President Leonid Melamed, Sistema Shyam Teleservices' Directors' Board representative Radjiv Mehrotra. RA Ex-President Robert Kocharyan was appointed as an independent director of Systema AFC. 4 out of 13 positions in the Board of Directors are occupied by Independent Directors. Board Meeting also approved the annual report and accounting documents for 2008. A resolution not to pay off 2008 dividends was passed. Systema AFC owns the following assets in Armenia: WiMax- Cornet Am operator, Mars Factory, as well as 3 Scientific Research Institutes. Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | EU to provide budgetary support to Armenia The agreement is aimed at increasing the competitiveness of the educational system of Armenia. Aliyev: No peace treaty unless Armenia changes constitution Azerbaijan will not sign a peace treaty with Armenia unless the latter changes its constitution, Azerbaijani President Ilham Aliyev said. Azerbaijan proposes Armenia to jointly seek cancelation of Minak Group The Azerbaijani President maintained that the move will show “how sincere Armenia is.” Seven injured in massive gas station explosion in Armenia The Investigative Committee of Armenia has unveiled details about a massive explosion at a gas station on the Yerevan-Sevan highway. |