Armenian president commends Luys Foundation, Aragil Fund
The Luys Foundation has accomplished its task for this year – in cooperation with the Tashir Foundation, Armenian President Serzh Sargsyan stated at yesterday’s opening of the Teghout copper and molybdenum plant owned by Vallex Group.
“The Luys Foundation is doing tremendous work, and its main function is to award scholarship to Armenian students who study at the world’s ten best higher school. Since the Luys Foundation has accomplished this task for this year – with the assistance of the Tashir Foundation managed by natives of Lori Samvel and Karen Karapetyan – it has decided to add 25 million drams to the previously provided 25 million drams and place the money at the disposal of the Aragil Fund, which is supporting socially vulnerable families,” he said.
President Serzh Sargsyan awarded a Medal for Services to the Homeland, First Class, to Mr Valery Mezhlumyan, President of the Vallex Group.
Armenia’s leader awarded a posthumous medal to late Manager of Grand Holding Hrant Vardanyan. Mr Sargsyan handed the medal to Hran Vardanyan’s sons, Mikael and Karen Vardanyan.
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