PORTUGAL PROFITS BY GYULBENKIAN INHERITANCE
Daniel Silva, correspondent of Agence France-Presse, writes from Lisbon that though Portugal does not produce oil it nevertheless profits by oil riches in the last 50 years. Those riches played a big role in development of diverse spheres of the country.
The article that The Armenian Mirror Spectator published in its August 12 issue touches upon the Galust Gyulbekian Foundation. The Foundation established in 1956 has brought the country a profit of 2 billion euros by financing a number of rehabilitation centers, the country’s philharmonic orchestra, libraries and educational establishments.
"The Foundation was a wonderful luck in the history of our country," sociologist Antonio Berton who is writing a book about the influence of the Foundation on the country said last month during the celebrations of the Foundation’s 50th anniversary.
Fleeing the Nazi occupied France at the age of 73, Gyulbenkian spent the last 13 years of his life in a hotel in Lisbon and as an expression of his gratefulness he handed down his fortune and the huge collection of art works to the country with a hope that a charity foundation will be founded. Thanks to correct handling assets initially estimated at 14 million euro rose to 3 billion that totals to 2 percent of Portugal’s GDP and makes the Foundation the 6th biggest charity organization in Europe. Among its holdings is Partex oil company that produces 13.5 million barrel of oil annually and exports it to Abu Dhabi, Angola, Algeria, Brazil, Kazakhstan and Oman. 80 percent of revenue is spent in Portugal, 20 percent in African colonies.
One of the first initiatives of the Foundation was creation of a network of "mobile libraries" that provided Portuguese regions with literature during the right-wing dictatorship in the country. The second important task was providing scholarships to students. To date, 65.000 students, including Portuguese president Anibal Cavaco Silva, benefited from the scholarship.
"I think we can never be sufficiently grateful to him for his generosity," Rui Vilar, president of the Foundation, said in an interview with JL literary journal.
- By Hakob Tsulikian
CONDOLENCE
On occasion of death of great poetess, worthy daughter of the Armenian people Silva Kaputikian, Tekeyan Cultural Association of Armenia expresses its condolence to the Armenian people in Armenia and in ...ARMENIA DISCUSSES ISSUE OF SENDING ITS PEACEKEEPERS TO LEBANON
In upcoming weeks Armenia will discuss the issue of sending its peacekeepers to Lebanon, RFE/RL quoted Geham Gharibjanian, deputy foreign minister, as saying. "We continually get detailed information ...PORTUGAL PROFITS BY GYULBENKIAN INHERITANCE
By Hakob TsulikianDaniel Silva, correspondent of Agence France-Presse, writes from Lisbon that though Portugal does not produce oil it nevertheless profits by oil riches in the last 50 years. Those riches played a big ...CONSTRUCTION OF KARS-AKHALKALAK-TBILISI-BAKU TO START 2007
"Kars-Akhalkalak-Tbilisi-Baku railway is of strategic importance for Turkey, Azerbaijan and Georgia. Execution of the project will begin in 2007," Trend agency referred to Turkish press that ...BEAUTY CONTEST IN CAUCASUS
By Susanna MargarianThe office of "Miss Caucasus" beauty contest in Armenia is 6 years old. As a result of its activities in all Caucasian cities, beauty contests were held in Nalchik (2003), Vladikavkaz (2004) ...
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CONDOLENCE
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By Hakob Chakrian
- 1854 The first version of a constitution for the internal organization of western Armenians is presented to the Armenian Patriarch. He eventually rejects it.
- 1915 Daniel Varujan (poet) was killed during the Armenian Genocide implemented by the Turks. He was born in 1884.
- 1919 Armenian forces defeat the forces of Mustafa Kemal in the battle of Sarighameesh.
- 1926 Opening of the "Arzni" Sanatorium and Spa.
- 1926 Some of those responsible for the Armenian Genocide were hanged in Ankara. They were members of the "Young Turks" belonging to the Union and Progress Party (formerly known as the "Ottoman Union Organization").
- 1945 Death of Franz Werfel (Austrian novelist). He wrote "The Forty Days of Musa Dagh" (1933), a best-selling epic tale of Armenian resistance to the Turkish Genocide of 1915. He was born in 1890.
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