National Competitiveness Foundation of Armenia

The National Competitiveness Foundation of Armenia (NCFA; Armenian: Հայաստանի ազգային մրցունակության հիմնադրամ, ՀԱՄՀ) is an Armenian foundation established in 2008 to advance the country's economic competitiveness. It was created on 28 February 2008 by decision No. 204-A of the Government of Armenia, with an initial endowment of 52 million Armenian drams drawn from the government's 2008 reserve fund as a property contribution. Gayane Afrikyan was appointed its first executive director. The foundation operates on a public-private partnership model. Its board of trustees combines six prominent businesspeople from various countries, six members of the Armenian government, and one representative of the international donor community in Armenia. The executive director is Arman Khachaturyan, and the chairman of the board of trustees is Tigran Sargsyan, the Prime Minister of Armenia. For 2010, investments of USD 100 million were expected for the foundation. NCFA's main areas of work are education, healthcare, tourism, and access to networks and information. Its flagship initiatives include the reconstruction of Tatev, aimed at turning it into a tourism and educational-scientific center; the construction of a nuclear medicine center on the grounds of the A. Alikhanyan Yerevan Physics Institute, based on a design developed by the Physics Institute and the Joint Institute for Nuclear Research in Dubna, Russia, with the goal of making Armenia a center for cancer treatment and developing the economy; and a program for competitiveness in education and science. The foundation positions itself as a catalyst for Armenia's long-term competitiveness, mobilizing public and private resources around strategic projects rather than operating as a conventional commercial enterprise. Its website, competearmenia.org, serves as its public-facing platform.

The National Competitiveness Foundation of Armenia was established on 28 February 2008 by decision No. 204-A of the Government of Armenia. Its initial endowment was 52 million Armenian drams, contributed from the government's 2008 reserve fund as a property investment. Gayane Afrikyan was appointed as its first executive director. The foundation was designed as a public-private partnership vehicle. Its board of trustees brought together six prominent businesspeople from various countries, six members of the Armenian government, and one representative of the international donor community in Armenia. The executive director was Arman Khachaturyan, while the chairman of the board of trustees was Tigran Sargsyan, the Prime Minister of Armenia. For 2010, investments of USD 100 million were expected for the foundation. From its inception, NCFA focused on education, healthcare, tourism, and access to networks and information. Among its major undertakings were the reconstruction of Tatev with the aim of turning it into a tourism and educational-scientific center; the construction of a nuclear medicine center on the grounds of the A. Alikhanyan Yerevan Physics Institute, based on a design developed by the Physics Institute and the Joint Institute for Nuclear Research in Dubna, Russia, intended to make Armenia a center for cancer treatment and to develop the economy; and a program for competitiveness in education and science.

• 2010

  Investments of USD 100 million expected for the foundation.

• 2008

  Foundation established by Government of Armenia decision No. 204-A.

• 2008

  Initial endowment of 52 million Armenian drams from the government's 2008 reserve fund.

• 2008

  Gayane Afrikyan appointed first executive director.

Public-private foundation catalyzing Armenia's economic competitiveness through strategic projects in education, healthcare, tourism and infrastructure.

• Tatev reconstruction project

  Reconstruction of Tatev aimed at turning it into a tourism and educational-scientific center.

• Nuclear medicine center

  Construction of a nuclear medicine center on the grounds of the A. Alikhanyan Yerevan Physics Institute, based on a design by the Physics Institute and the Joint Institute for Nuclear Research in Dubna, Russia, to make Armenia a center for cancer treatment and develop the economy.

• Education and science competitiveness program

  A program focused on competitiveness in education and science.

1. 1️National Competitiveness Foundation of Armeniawikidata.org
2. 2Հայաստանի ազգային մրցունակության հիմնադրամhy.wikipedia.org