Yerevan’s Sports & Concert Complex transferred to Defense Ministry for debtAugust 21, 2014 - 13:57 AMT PanARMENIAN.Net - The government of Armenia ruled to transfer Karen Demirchyan Sports and Concert Complex to the Ministry of Defense under the property against debt program. Deputy Minister of Finance Pavel Safaryan submitted a relevant draft decision to the government, Tert.am reported. Karen Demirchyan Sport and Concert Complex (SCC), one of Yerevan’s architectural landmarks, was put up for action in late May. The bidding price for the Complex built in 1983 was set at AMD 19,350,000,000 (around $47 million). According to the website, the auction closes on May 29. The description of the auction lot says that the complex situated in Yerevan’s Kentron district is a seven-storied building with a total area of 46335.7 square meters and other auxiliary structures and territories. It says that the building was an object of mortgage, Armenia Now reported. The SCC owners were rumored to have taken out a $20 million loan secured on 75% of the Complex. Top stories From September 21 to November 11, a total of 2,820 Russians registered at a place of residence in Armenia, the police has said. The situation on the contact line between Karabakh and Azerbaijan was relatively stable overnight, the Defense Army says. Defense Minister Suren Papikyan has visited the southern Armenian province of Syunik, the Defense Ministry reported on March 18. Armenia has registered Covid-19-related deaths in 23 vaccinated individuals so far, according to Health Minister Anahit Avanesyan. Partner news | Kazakh Foreign Minister arrives in Armenia Kazakh Foreign Minister Murat Nurtleu on Monday, March 18 arrived in Armenia for a two-day trip. Aliyev touts “good chances” for normalizing ties with Armenia Azerbaijani President Ilham Aliyev has declared that there are “good chances” for normalizing relations with Armenia. Putin secures fifth term as Russian president Russian President Vladimir Putin has secured a fifth term in office through a dubious national plebiscite. Top Armenian, Indian defense officials discuss cooperation The discussions primarily focused on enhancing cooperation in the defence sector between Armenia and India. |