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Trdat Musheghyan

Armenia Spends $768,000 on "Global Armenian Summit"

The Armenian government has spent 309 million AMD (US$768,000) to stage what is being billed as a Global Armenian Summit in Yerevan from October 28-31.

The conclave, organized by Armenia’s Office of the High Commissioner for Diaspora Affairs, bills itself “as a new format and a dynamic platform for discussing challenges and problems of universal importance for representatives of the diaspora and local partners.”

The money will go to an outfit called Factory Production LLC that was given the contract to stage the summit. There were no tender bids for the contract.

According to the Summit website, six hundred participants from forty countries, including Armenia and Artsakh, will travel to Yerevan to attend various panel discussions.

One of the panels bears the name: Repatriation and Demographics: Armenia as a Lifeline, Armenia as a Lifestyle Choice.

Factory Production LLC has won several large Armenian government contracts of late.

It got 705 million AMD to organize the 2022 European Boxing Championship and was paid 137 million drams by the Yerevan Municipality to stage 2020 New Year’s celebrations.

The Foreign Ministry paid it 76 million drams to organize a gala concert at the 2018 Francophonie Summit in Yerevan, and 54 million drams for the 2018 "Against the Crime of Genocide" global forum in the Armenian capital

The company was founded by Rudik Ter-Petrosyan and Vazgen Poghosyan, two friends who each owned half its shares. The former now owns 100% of the company and serves as director.

Poghosyan served as adviser to former Armenian President Armen Sarkissian.


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