The program implemented by the foundation, is fundamentally different from all the other projects implemented earlier. The funding required for the implementation of programs targeted at environmental concerns, will be sourced as a result of the economic activity of the companies created by the Fund. The aim of the Fund is to fulfill a number of public benefit objectives, such as restoring and preserving the ecosystem of Lake Sevan. In addition to this, goals include (but are not limited to), the restocking of the endemic fish species Gegharkuni and Summer trout, and contributing towards local social-economic development in the region. By creating the whole value chain of fish breeding and fish production, the Fund thus contributes to the country’s overall economic development.
The fund is to fulfill the following statutory goals: |
Restore trout stocks in Lake Sevan |
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The Supreme and Supervisory body of the Fund is the Board of Trustees of the Fund (hereinafter referred to as Board). The Board undertakes its activities through sessions.
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The management of the current activities of the fund is implementing the executive director. The executive director of the fund is T. Gevorgyan.
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Below are represented the basic laws, decrees of Government of RA etc., which are the bases for the Fund of “Restoration of trout stocks and development of aquaculture in Lake Sevan” to implement the complex project of “Recovery of trout stocks and fish breeding in Lake Sevan”.
Law about Lake Sevan
Water code
Law about approval of annual and complex measures on conservation, restoration, reproduction, and use of the ecosystem of the lake
The law on especially protected natural areas