Vahan Tekeyan Social Cultural Foundation

The Vahan Tekeyan Social-Cultural Foundation is a non-profit organization established in 2019 that carries out the journalistic activities of Azg weekly newspaper. The foundation cooperates with both local and international organizations.
Over time, different companies have carried out Azg's journalistic activities. In 2000, Azg Daily LLC was founded and conducted journalistic activities through the newspaper's 2018 issues. According to the last State Register update for Azg Daily LLC in 2012, the company's largest shareholder (80%) was Armen Abrahamyan, brother of Ara Abrahamyan, president of the Union of Armenians of Russia. Armen Abrahamyan worked in the tax system for many years and served in the National Assembly from 2007 to 2012 representing the Prosperous Armenia party. He held the largest share because his brother Ara Abrahamyan had financed the newspaper's publication at that time.
Subsequently, Tekeyan Publishing LLC, founded in 2018, carried out the newspaper's journalistic activities. The company published its last beneficial ownership declaration in 2022 but has since suspended operations temporarily. The newspaper is now financed by the Vahan Tekeyan Social-Cultural Foundation, established in 2019.
These ownership transitions reflect Azg's financial difficulties. In January 2014, when the newspaper temporarily ceased printing due to financial constraints, it was not possible to establish contact with Ara Abrahamyan. From February 2014, Azg has been published as a weekly newspaper rather than a daily.
The foundation's beneficiaries include legal entities and individuals operating in education, science, culture, arts, sports, and social advertising production and distribution, as well as students and children without parental care who face difficult circumstances.
The foundation cooperates with the Tekeyan Cultural Association but operates independently. The Tekeyan Cultural Association was founded in 1947 in Beirut, and subsequently established centers and foundations in Armenia and other countries.
Key Facts
| Business Form | Non-profit |
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| Legal Form | Non-profit Corporation |
| Business Sectors | Education, science, culture, arts, healthy lifestyle, support for children in difficult life conditions, youth initiatives, production and/or distribution of social advertising. |
Ownership
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Media Outlets
Other Media Outlets
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Facts
| Founding Year | 2019 |
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| Contact | Sayat-Nova 21A 0001 Yerevan Armenia info@azg.am +374-98-582-960 www.azg.am |
| Tax / ID Number | Foundation 02818274 State Register of Legal Entities of the Ministry of Justice of the Republic of Armenia |
| Revenue | AMD 36,513,000 / USD 92,972.27 (2024) |
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| Headlines |
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| Data Publicly Available | ownership data is easily available from other sources, e. g. public registries etc. | |
| Meta Data | Determining Azg weekly newspaper's current ownership structure presented significant challenges. Over time, different companies have carried out the newspaper's journalistic activities, but information in the State Register of Legal Entities has not been updated to reflect these changes. The State Revenue Committee website indicates that some of these companies are no longer operating, with Azg Daily LLC showing no updates since 2012 and Tekeyan Publishing LLC having suspended operations after its last beneficial ownership declaration in 2022. Biographical information about board of trustees members Hakob Avedikian and Suren Sargsyan is derived from public sources and their published work. Information about the Vahan Tekeyan Social-Cultural Foundation is available from the foundation's charter and public documentation. The circulation numbers are always mentioned in the newspaper. The audience share of the online version is missing. | |
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| Documents (PDF) |
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