YEREVAN. – The late Diaspora Armenian businessman, public activist, and benefactor Vahakn Hovnanian, had bequeathed new projects to his heirs.

The dear departed philanthropist’s daughter, Nina Hovnanian, informed about the aforesaid to Armenian News-NEWS.am.

“We have new projects which we need to implement,” said Hovnanian. “But we will speak about it only after signing the [respective] contracts.”

Nina Hovnanian also informed that, from now on, she will continue her father’s work.

And to the query on what impact the economic decline in Armenia has had on Hovnanian International Ltd., she responded: “We are moving forward. Of course, there are ups and downs in all businesses, but you need to plan everything out in a way to be able to withstand. We continue to work; business is business.” 

Vahakn Hovnanian had died on August 31 in Yerevan, the capital city of Armenia.