YEREVAN, JANUARY 19, ARMENPRESS: International Chess Academy will be built in Yerevan. As reports Armenpress this was noted by FIDE President Kirsan Ilyumzhinov during January 19 interview with journalists. In his words, groundbreaking ceremony is scheduled for spring. In this regard, number of businessman arrived in Armenia are negotiating with Mayor Taron Margaryan. The amount of investments will reach U.S. 100 million.

 Kirsan Ilyumzhinov stressed that the chess achievements of Armenia were not accidental. They have become a pattern. “Team led by Serzh Sargsyan reaches tremendous results,” FIDE President said.

President of Armenian Republic, President of Armenian Chess Federation Serzh Sargsyan on January 19 participated in the Presidential Board Meeting of World Chess Federation (FIDE) scheduled for January 18-21, in Tsakhkadzor. FIDE President Kirsan Ilyumzhinov, 23 FIDE members and representatives of chess federation of more than 20 countries participated in the meeting.