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 | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. |