On November 23 in Yerevan at “Hay Art” Cultural Center the project of creating an online library was presented. According to the writer Vahram Martirosian, the library will be placed on the web site of “Bnagir” Armenian literature magazine, and it is expected that till the end of the year it will contain 25 books with the new works of modern Armenian writers. As it has been reported, the first Armenian electronic literature magazine “Bnagir” appeared on the Internet in late March and is produced by the private funds of its co-editors, Vahram Martirosian and poet Violetta Grigorian (see details in YPC Weekly Newsletter, March 24-30, 2001). Like in the case of “Bnagir”, the project of the online library is implemented by personal funds, Vahram Martirosian said.