Gagik Tsarukyan has some 25 MILLION Euros to spend

[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?

[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.

[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.

[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.

[Armanen]

Re: Gagik Tsarukyan has some 25 MILLION Euros to spend

I can't verify it just wanted to mention it because of the discussion. I heard about this origin of the nickname from different people. It might be just a rumor. Already in 1990s I heard "Dodi Gago," so if true, "Dogi" must have been used earlier.

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...

[Mos]

Re: Gagik Tsarukyan has some 25 MILLION Euros to spend

Dodi Gago's house can be seen when you drive toward lake Sevan from Yerevan and right when you leave the city limits. There is a multi gas station right there. His house is surrounded by tall trees so you can't really see it.

http://en.wikipedia.org/wiki/Gagik_Tsarukyan

[KarotheGreat]

Re: Gagik Tsarukyan has some 25 MILLION Euros to spend

I can't verify it just wanted to mention it because of the discussion. I heard about this origin of the nickname from different people. It might be just a rumor. Already in 1990s I heard "Dodi Gago," so if true, "Dogi" must have been used earlier.

Yes that's why I think it's from his sporting years or from a local dialect every city has it's own kind of way to give nicknames to people.

[Catharsis]

Re: Gagik Tsarukyan has some 25 MILLION Euros to spend

Dude this theory realy sucks because his nickname is quit old and is certainly not English. I think it comes from his sporting days and when he was younger or could be from the local dialect of his home town.

I can't verify it just wanted to mention it because of the discussion. I heard about this origin of the nickname from different people. It might be just a rumor. Already in 1990s I heard "Dodi Gago," so if true, "Dogi" must have been used earlier.

[KarotheGreat]

Re: Gagik Tsarukyan has some 25 MILLION Euros to spend

I heard from several people that the nick began as 'Dogi Gago' since he kept a stable of dogs and it started out as "Dogi Gago" (I know sounds like some rapper's name, also weird to use English, but such is the mythos behind the name). Obviously to most ears it sounded "Dodi" (lit. Idiot's, the ini at the end is a possessive) and the name stuck.

P.S. He has indeed won several championships in arm wrestling.

Dude this theory realy sucks because his nickname is quit old and is certainly not English. I think it comes from his sporting days and when he was younger or could be from the local dialect of his home town.

[Catharsis]

Re: Gagik Tsarukyan has some 25 MILLION Euros to spend

I've also heard it means idiot/crazy but read that online somewhere...I don't speak Russian and I dont know rabiz/russian slang.

Actually dod (dumb witted) is Armenian, and although perhaps not literary, is not a loan word.

armanen, just tell me where you live and i'll see if we can make this personal problem of yours something we can resolve offline.

We must respect different points of views, this is not against you or anyone specifically. I believe Armanen viewed your comments as "anti-Armenia" and perhaps "against" Armenians of Armenia (?). All of us have concerns about the ongoing "normalization of relations with Turkey," some of us believe this is not a good thing others disagree. We cannot force our points of views on others, but maybe can win over people through our intelligent arguments. Therefore I would urge all of us to control our tempers (and not have virtual duels) since it is not of benefit to anyone to take out our frustrations on each other. Personally, from what I read, I think you mean the best for Armenia and all Armenians - gentlemen lets not let our emotions get the best of us.

I don't know if that's the same house as this one http://wikimapia.org/760402/Gagik-Tsarukyan-s-estate but this one in the link is from 2009 according to the copyright stamp. What's interesting is when you go to that location with google earth, the front gate is whited out as if its vp cheneys dump or something.

Yes indeed, hard to tell if this is the same 'mansion.' I remembered though that Tsarukyan actually owns several, one in the heart of Yerevan and at least two in the suburbs. So it depends. Also, not a few of our oligarchs, including Gagik Tsarukyan, own property and estates (and enterprises) in various parts of Europe.