03

May,

2017

The compensation of 5 more soldiers

On the 2nd of May 2017 the ALM committee of the Foundation approved the compensation of 5 more soldiers.

Today the families of Artak Rafayelyan, Karen Ulubabyan, Arayik Sargsyan, Nver Babajanyan and Gegham Manukyan will each receive 10 mn AMD (appx. 21 000 USD) and depending on their rank will be accorded monthly payments of  200 000 (appx. 400 USD), 250 000 (appx.500 USD) or 300 000 AMD (appx. 600 USD) for a period of 20 years.

As per its agreements with “ArmBusinessBank” CJSC and “Artsakhbank” CJSC the money will be transferred to special accounts opened in the names of the beneficiaries. These accounts will be serviced free of charge.