YEREVAN. – Yerevan Cinema and Theatre University Chancellor Armen Mazmanyan, Ukrainian-Armenian director Roman Balayan along with the Armenian Government will establish the Arm art cinema fund. The Government will invest $2,340 from its reserved fund. The issue is included in the Thursday governmental session.

Head of the Moscow cinema Martin Aghoyan will be appointed the acting director of the fund.

The Arm art cinema will be targeted at cooperation for developing the Armenian cinema, cinematography, establishment of the highest classes of directors in the educational system. The fund will also advertise modern Armenian cinema all over the world.