The Memorandum of Understanding on cooperation has been signed today, February 2, 2012 between the State Engineering University of Armenia and the CRONIMET Charity Foundation.

The MOU envisages the cooperation within the framework of the CRONIMET Charity Foundation’s Supporting higher education and youth innovative initiatives” component and implies joint implementation of the following projects:

- Sponsoring of up to 3 students with high grades master’s study in one of the leading European Universities in the area of CRONIMET business interest,

- Financing the tuition of up to 15 best students studying at the Mining and Metallurgy, Mechanics and Machinery, Machinery and Energy Faculties of the SEUA,

- Establishing and providing CRONIMET personal stipend for up to 5 best students in the above-mentioned faculties of the SEUA,

- Organization of internships for students at the CRONIMET Group companies in Armenia,

- Organization and sponsoring the short-term exchange programs for the SEUA professors in European partner Universities;

- Organization and sponsoring the short-term exchange programs for the SEUA students in European partner Universities;

It has been further agreed to identify and implement other projects of mutual interest in various areas.