Gagik Tsarukyan has some 25 MILLION Euros to spend

[KarotheGreat]

Re: Gagik Tsarukyan has some 25 MILLION Euros to spend

I didn't hear about him until 2005. Was he big in the 90s? When I compare him with the other so called oligarchs I think he has done more, he personaly gave money to the medal winners from Armenia's Olympic team and does a number of other things to boast the level of Armenian athletics. Of course one could speculate that part of his wealth was earned by shaddy means...

In the 90's he wasn't big but he still had the name of Dodi, and he's got six kids 5 daughters and one son. He's done a couple of things for Armenia especially in sports but he can do more.

[Catharsis]

Re: Gagik Tsarukyan has some 25 MILLION Euros to spend

I didn't hear about him until 2005. Was he big in the 90s? When I compare him with the other so called oligarchs I think he has done more, he personaly gave money to the medal winners from Armenia's Olympic team and does a number of other things to boast the level of Armenian athletics. Of course one could speculate that part of his wealth was earned by shaddy means...

Yeah, Armanen you are right. He was already big in late 1990s in terms of a renowned "magnate." Of course he has gotten "bigger" in terms of his "assets" in recent years. You are right, he has done quite a lot in terms of sports and other charities. Some, with more cynical outlook, question this as simply a "moral cover" and a publicity stunt, rather than view it as genuine. Those in the immediate circles, like his own Prosperous Armenia party, obviously adore him as he has given them jobs and such means. However, Armenia's Achilles heel remains the fact that our industry has been ravished in the 1990s, what was left of heavy industry was pretty much sold to Russian firms, and Armenia has increasingly become an "importer" rather than a "producer/exporter."

My hope is we can pick up on IT and High Tech in general, we have some very talented people. They need to stay and work in Armenia instead of being lured to places like Silicon Valley. Interesting article below on the upcoming ArmTech Congress '09 in San Jose, Calif.

http://www.armtechcongress.com/

Armenia's High Tech:
A Silk Road of a New Kind
__________________________________________________ _______________

By Appo Jabarian

During the last decade, Armenia has achieved impressive progress in the high tech industry. It was thanks to its people's tech-savvy character and spirit for renovation, and its worldwide network of active co-operation with Diaspora Armenian high tech specialists and executives.

As a result of collective hard work, Armenia has become the center of considerable attention by major entities ranging from foreign government agencies to high tech industry leaders on software development and information technology-related achievements.

According to several experts, Armenian Computer Programmers have already obtained high reputation and credibility in USA Information Technology market. More then 60% of Armenia's software companies export their products, mainly to the United States, Russia, France, Germany, Holland and several other countries.



In the last few years, one of the main engines that propelled Armenia into its current impressive international standing in the world high tech community has been the ArmTech Congress, and the dedicated people behind that fine organization.

After all these years, where does Armenia stand now and how is Armenia ranked from the high-tech perspective? What is ArmTech Congress and what are its objectives? Tony Moroyan immediately underlines that Armenia "is not in a position to compete with the world in natural resources or other sectors like manufacturing, etc." But "when you look at what we have been able to achieve in these few years in high tech is quite impressive. This includes banking, microelectronics design automation, internet, enterprise software, and other high tech industries like biomed and rigorous activities and interest in renewable energy, etc." Moroyan is the Co-Founder and Chairman of ArmTech Congress; the CEO and Chairman of Impeva Labs, Inc. in Silicon Valley; and the Chairman of ViaShpere Ventures, Inc.

Moroyan adds: "In some domains, we can rank Armenia now in parallel with India and USA's Silicon Valley. Such an example is EDA (electronic design automation - software and tools that are used to design semiconductors); EDA is used to design all microelectronics chips that are used in all products that include electronics, e.g., cell-phones, appliances, computers, solar energy systems, control systems that are used in all industries from automotive to nuclear power plants, avionics, etc. Armenian high tech professionals have the inquisitive mind and background in math, physics and computer science to rise to the challenge."

The ArmTech Congress is headquartered in Silicon Valley as a Global High Tech Industry Conference which was founded by High Tech Industry and business professionals to foster professional growth in the worldwide Armenian high tech community, and to promote the growth of Armenia's rapidly rising high tech industry.

The literature released by ArmTech Congress '09 informs that ArmTech Congress is affiliated with Armenian American Chamber of Commerce (AACC). The organization welcomes liaisons with other entities that are similarly aligned and has no political affiliations.

Building on the success of ArmTech '07 and ArmTech '08, the development of recurring international high tech industry and business conferences is the current focus of the organization. ArmTech's goals include: Provide networking and community resources for Armenian high tech professionals; showcase the global contributions of Armenian professionals in high tech and allied fields; attract global participation by individuals and entities that can benefit from involvement with the Armenian high tech community; promote opportunities to do business, recruit and invest in Armenian high tech; highlight the rise of Armenia's strategic high tech industry; and promote international interactions and investments for further growth.

ArmTech Congress '09 deserves our unrelenting support because it is and will continue to be an important - if not the most important - engine for further growth and development of Armenia's High Tech as a contemporary economic "Silk Road" of a new kind.

[Armanen]

Re: Gagik Tsarukyan has some 25 MILLION Euros to spend

In the 90's he wasn't big but he still had the name of Dodi, and he's got six kids 5 daughters and one son. He's done a couple of things for Armenia especially in sports but he can do more.

According to his website he has 2 boys.

[Armanen]

Re: Gagik Tsarukyan has some 25 MILLION Euros to spend

Yeah, Armanen you are right. He was already big in late 1990s in terms of a renowned "magnate." Of course he has gotten "bigger" in terms of his "assets" in recent years. You are right, he has done quite a lot in terms of sports and other charities. Some, with more cynical outlook, question this as simply a "moral cover" and a publicity stunt, rather than view it as genuine. Those in the immediate circles, like his own Prosperous Armenia party, obviously adore him as he has given them jobs and such means. However, Armenia's Achilles heel remains the fact that our industry has been ravished in the 1990s, what was left of heavy industry was pretty much sold to Russian firms, and Armenia has increasingly become an "importer" rather than a "producer/exporter."

My hope is we can pick up on IT and High Tech in general, we have some very talented people. They need to stay and work in Armenia instead of being lured to places like Silicon Valley. Interesting article below on the upcoming ArmTech Congress '09 in San Jose, Calif.

http://www.armtechcongress.com/

Do you any of you know if one can invest in some of these Armenian IT firms?

[Catharsis]

Re: Gagik Tsarukyan has some 25 MILLION Euros to spend

Do you any of you know if one can invest in some of these Armenian IT firms?

Interestingly enough, Armenian Development Agency, says it handles investments with the firms that are going to be present at the expo. There will be both corporate and private investors present during the expo to learn how they can invest.

http://www.armtechcongress.com/resources/

General Activity: Assisting investors in setting up their business in Armenia, performing a liaison role with the Government, providing information on investment opportunities in the country, as well as investment related regulations and laws.


I am sure you can also invest directly into Armenian IT firms, via ADA or personally in Yerevan.

Good info here - http://www.ada.am/

[Armanen]

Re: Gagik Tsarukyan has some 25 MILLION Euros to spend

Thank you Catharsis!

And here is something for the rest of you, Gagik Tsarukyan's youtube channel.

http://www.youtube.com/user/bargavach#p/u/5/8xCFQiSRueM

[AlphaPapa]

Re: Gagik Tsarukyan has some 25 MILLION Euros to spend

May he be remembered for his good deeds, as our Rockefeller. Oligopolists aren't stupid, no matter what their name might be. I hope the day somes when we buy Russian industries and infrastructure.

[Armanen]

Re: Gagik Tsarukyan has some 25 MILLION Euros to spend

May he be remembered for his good deeds, as our Rockefeller. Oligopolists aren't stupid, no matter what their name might be. I hope the day somes when we buy Russian industries and infrastructure.

Well there are a few Russian business under Armenian control but that is mostly by Russian-Armenians. The big industries are all almost state-owned in Russia so I don't think anyone will be buying those, at least not non Russians. Although, there is talk within the Kremlin of privatizing the state-owned firms which are not profitable for the government. Part of the aim of doing this is the ease the burden on the state coffers another is to attract badly needed foreign capital to Russia.

[Catharsis]

Re: Gagik Tsarukyan has some 25 MILLION Euros to spend

May he be remembered for his good deeds, as our Rockefeller. Oligopolists aren't stupid, no matter what their name might be. I hope the day somes when we buy Russian industries and infrastructure.

Actually, during the last press briefing, the Prosperous Armenia party spokeswoman said that if Gagik Tsarukyan was given the chance he would buy from Turkey all of Western Armenia.

I don't doubt that somewhere there is an Armenian in him, I just hope it comes out more.

[Armanen]

Re: Gagik Tsarukyan has some 25 MILLION Euros to spend

Actually, during the last press briefing, the Prosperous Armenia party spokeswoman said that if Gagik Tsarukyan was given the chance he would buy from Turkey all of Western Armenia.

I don't doubt that somewhere there is an Armenian in him, I just hope it comes out more.

If you watch his videos he comes off as charasmatic; I like his speeches.