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 The number of state universities will be reduced from 23 to 8 by 2030, Minister of Education, Science, Culture and Sport Zhanna Andreasyan has said. 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. Partner news | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. |