MosJan Posted October 9, 2001 Report Share Posted October 9, 2001 U.S. Billionaire Expands Projects In Armenia By Atom Markarian A US billionaire of Armenian origin, Kirk Kerkorian, has spent nearly $60 million on various investment projects in Armenia over the last two years, officials overseeing their implementation said on Tuesday. The officials led by the chief of President Robert Kocharian's staff, Artashes Tumanian, said a three-year plan of cooperation between the Armenian government and Kerkorian's Lincy Foundation is being successfully implemented. The Armenian-American financier has set aside a total of $165 million for providing Armenian businesses with low-interest loans, funding infrastructure projects and offering credit guarantees to foreign investors taking an interest in Armenia. A considerable part of Lincy grants, $38 million, will go to pay for the refurbishing of highways across the country. More than five thousand people are expected to be involved in the reconstruction work which is due to be completed by November 2003. Some $15 million has been earmarked for the rebuilding of houses in Armenia's northwestern regions devastated by the 1988 earthquake. Another $20 million will be invested in the development of the country's tourism infrastructure. The authorities hope that tourism will become a major source of hard currency in the future. Kerkorian's credit program for the Armenian private sector is worth $45 million. But less than half of the low-interest funds, handled by Armenian commercial banks, have been borrowed to date. Analysts say this fact reflects the overall difficult economic situation, with many entrepreneurs unable to submit credible business proposals to the banks. Another far-reaching Lincy Foundation project involving $30 million worth of credit guarantees for foreign investors has yet to get off the drawing board. Tumanian said the government and Kerkorian's charity have still to work out all details of the scheme Quote Link to comment Share on other sites More sharing options...
Paul bunyan Posted October 9, 2001 Report Share Posted October 9, 2001 why doesn't he spend alot of money helping Armenians NOW by buying up farm land and building houses in Kashatagh, Karavajar, Kovsakan, Kushunink, and Aghdam! this would be a greater benefit to the Armenians then paved highways Quote Link to comment Share on other sites More sharing options...
Harut Posted October 10, 2001 Report Share Posted October 10, 2001 quote:Originally posted by Paul bunyan:why doesn't he spend alot of money helping Armenians NOW by buying up farm land and building houses in Kashatagh, Karavajar, Kovsakan, Kushunink, and Aghdam! this would be a greater benefit to the Armenians then paved highwaysbecause those are not Armenian lands. there are going to be returned to Azeris soon. Quote Link to comment Share on other sites More sharing options...
Paul bunyan Posted October 10, 2001 Report Share Posted October 10, 2001 Ha Ha, you gotta be kidding, Harut, those precious lands will never be given back to the tatar i.e. azeri. Kirkorian's money will be better spent on settlement of the refugees in their own lands then on non~human things like streetlights for Yerevan and another highway which will have to be very expensively repaired later on. Krikorian should give them a steam train an economical and reliable alternative. Quote Link to comment Share on other sites More sharing options...
Juggernaut Posted October 12, 2001 Report Share Posted October 12, 2001 quotebecause those are not Armenian lands. there are going to be returned to Azeris soon. mmmm, this is unfortunatelly true. Artsakh WAS a majority Azeri populated place untill 19th Century. Armenians never had a strong presence in the Caucases, our heartland lies in Eastern Anatolia.And the land will never become part of Armenia, it will either be wholelly integrated into Azerbaijan or be an autonomy. The time when this happens depends on Russiaa and the prevailing political situation. Unfortunatelly its beyond us, because they have OIL. The ONLY deciding factror is the AMOUNT of oil that they have. Quote Link to comment Share on other sites More sharing options...
Paul bunyan Posted October 12, 2001 Report Share Posted October 12, 2001 No, that will never happen too many people have died in the Karabagh war.don't forget 94% of Armenia was lost to the turks during their abominable genocide Armenians needs their land.the oil potential of terrorist loving azeribaijan isn't worth much at all. Quote Link to comment Share on other sites More sharing options...
Harut Posted October 12, 2001 Report Share Posted October 12, 2001 quote:Originally posted by Juggernaut:mmmm, this is unfortunatelly true. Artsakh WAS a majority Azeri populated place untill 19th Century. Armenians never had a strong presence in the Caucases, our heartland lies in Eastern Anatolia.you are not correct here. in fact Armenia had strong presence in the Caucases. Zangezur and Artsakh were among other few places that did not suffer much from attack of invators from the East. and Artsakh was alway heavily populated by Armenians.those land that Poul mantioned are not part of current Karabagh. and Armenia has no claim over them. they are ready to give those lands back for independance of Karabagh. Quote Link to comment Share on other sites More sharing options...
Paul bunyan Posted October 13, 2001 Report Share Posted October 13, 2001 No! the regions Karavajar, Kashatagh, Kovsakan, and Kashunink are part of historic Artsakh and will never be given to the afreeti, aka azeri. the Armenians resident there will never allow these liberated lands to become part of azeribaijan so that Karabagh can surrounded by the enemy state on all sides again! Quote Link to comment Share on other sites More sharing options...
Juggernaut Posted October 13, 2001 Report Share Posted October 13, 2001 I am not saying that just because its 'theirs' we have to give it back. In fact it no longer is theirs and we will fight as if it were Armenia itself. Quote Link to comment Share on other sites More sharing options...
Paul bunyan Posted October 13, 2001 Report Share Posted October 13, 2001 The precious "world community" would never approve of another Armenian state, they don't even approve of Artsakh!!! the reclaimed regions, Karavajar, Kashatagh, Kashunink, and Kovsakan will have to be included in either Armenia or Artsakh. they should call these regions "Melkonia", after Monte Melkonian, the famous freedom fighter he and his comrades insuredfreedom from azeri attacks on the Motherland, and the Fatherland. What better way to honor these men who gave everything they had to ensure freedom and peace for Armenians. Viva Melkonia! Quote Link to comment Share on other sites More sharing options...
Harut Posted October 15, 2001 Report Share Posted October 15, 2001 quote:Originally posted by Paul bunyan:No! the regions Karavajar, Kashatagh, Kovsakan, and Kashunink are part of historic Artsakh and will never be given to the afreeti, aka azeri. the Armenians resident there will never allow these liberated lands to become part of azeribaijan so that Karabagh can surrounded by the enemy state on all sides again!they WERE part of HISTORIC Artsakh, but not as of now.there are almost no people living in those areas now.those lands were occupied by Armenians only for safty reasons, and they will be given back as soon as Karabagh conflict is over (no matter what the result would be).unless Armenians want to be kicked out of EU and be called aggresors and other similar things. Quote Link to comment Share on other sites More sharing options...
Paul bunyan Posted October 15, 2001 Report Share Posted October 15, 2001 Well, I know Armenians who live there and they will NOT allow the azeri killers to come back to Armenian terrority. and IF the Kocharian government is so foolish to use its police and military to help settle azeri theywill be opposed by the citizenry.Let azeri live in "azerbaijan" its a big country, or let them in the border regions like Parda, or the other regions, which were once full of Armenians until the azeri/tatars came along. in return for the return of half of Jebrail and half of Fizuli, azeri must leave Shahumyan, where they started their latest genocide. VIVA MELKONIA!!! Quote Link to comment Share on other sites More sharing options...
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