YEREVAN. – Hraparak newspaper of Armenia writes that it is not the best of times for the City of Smile charitable foundation. In recent months the amount of donations to the fund has dropped significantly. According to the official reports of the City of Smile foundation, according to the figures for the second quarter of this year, i.e. from July to September, the charitable organization's incomes totaled 37 million 041 thousand 825 drams.
Meanwhile, in the third quarter, i.e. April-June, they donated a total of 232 million 922 thousand drams to City of Smile. In July-September, the incomes of this foundation, led by Prime Minister's wife Anna Hakobyan, have dropped more than 6.2 times.
It is evident from the figures that the enthusiasm of the donors has cooled down. They either made less money, so they allocate less to the Hakobyan’s foundation, or the confidence that that money is being correctly spent has reduced.