Newsfeed

Anne Brasseur says PACE seeks to establish contacts between Armenian and Azerbaijani delegations

PACE adopts decision to prepare report on "increase of tension in Nagorno Karabakh and other occupied territories of Azerbaijan"

ACBA-Credit Agricole Bank creates ACBA Business Partner sub-brand

Artifacts from Armenian Highlands cause sensation in the world of science

Vice Speaker: Armenian-Russian relations should develop and deepen

Argentinean writer: One more Armenian Genocide is taking place in Aleppo

Armenia ranked 4th in Eastern Partnership Media Freedom Index for first half of 2014

Opinion: SCR plays an important role in communications

River of Hrazdan overruns its banks, as intensive water releases from Lake Sevan launched

Turkish intellectuals urge apology to Armenian students

Hay Tar Mobile App now free of charge

VTB Bank (Armenia) wins Public Rating's Best Bank award

Georgia will temporarily close Upper Lars border crossing because of landslide danger

Nikol Pashinyan again publicly accuses Surik Khachatryan of direct complicity in Avetik Budaghyan's murder

Russian expert: Armenia should be interested in Russian-Azeri arms deals

Leader of Marxist Party of Armenia dies

Yerevan Brandy Company completes grape procurement in Ararat Valley

VTB Bank (Armenia) to sponsor the transfer of windsurfers in wintertime

ArmSwissBank becomes a partner bank for Medicine Producers and Importers Union of Armenia

Presidents of Russia and Azerbaijan to discuss Karabakh peace process

Finding mixture of ~300,000 year-old stone tools in Armenia challenges hypothesis that technique's appearance in Eurasia was result of expansion of hominins from Africa

Cemil Cicek says parliaments of other countries have no right to recognize Armenian Genocide in Ottoman Turkey

Control Chamber of Armenia detects violations in gas supply to some unprivileged communities in Syunik region

Authorities of Artsakh are ready to transfer saboteur's body to Azeri authorities

Oppositionist: I congratulate you on defeat of the authorities

Rostelecom modernizes its network

Turkey returns 42,000sq m land lot to "Surb Prkich" Armenian Fund

Oppositionist: Surik Khachatryan's appointment as governor of Syunik region is a slap in the face of the Armenian society

South Caucasus Railway to take part in the European Heritage Days dedicated to the beginning of the World War I

Czech Parliament to host exposition timed to Armenian Genocide centennial

ANC Representative: Constitutional reforms aim to ensure life-term power for Serzh Sargsyan

Parliamentary commission delays discussion of the draft decision on recognition of the NKR by Armenia

Armenia to come forward as third side on Perincek's case

Manvel Sargsyan: The myth of Russia's importance for Armenia is based on the formula "We will defend you"

OSCE MG Co-Chairs and Armenian and Azerbaijani FMs discuss preparations for high-level meeting in Paris

Parliament opposition finishes its today's rally with calls for Armenian President's resignation

Azeri President signs an order on some security measures on Line of Contact of Azeri and Armenian troops

Vartan Oskanian: Hovik Abrahamyan Government is falling short of expectations

Beeline to digitize Maralik town by the middle of October 2014

ICRC proves repatriation of an Armenian captive Sargis Ananyan

Sports and Concerts Complex falls in price

  • by Karina Manukyan

  • Wednesday, June 18, 09:14

The Karen Demirchyan Sports and Concerts Complex in Yerevan has been put up to auction again. 
Now the starting price of the lot is 15,673,500,000 AMD. In early June 2014 the starting price was 17,415,000,000 AMD, and in May 2014 - 19,350,000,000 AMD.

Neither of the auctions took place due to the lack of applications. Applications for the third auction can be submitted from June 17 to June 27. 

Earlier the Judicial Acts Compulsory Enforcement Service of Armenia (JACES) reported that in accordance with the order of enforcement submitted to JACES by the fist instance court of Kentron and Nork-Marash administrative districts, over 10.207 billion AMD was to be collected from the Karen Demirchyan Sports and Concerts Complex in favor of the Republic of Armenia. The debtor's property appraisal was examined on 15 April 2014.  

In the meantime, on May 21 the PR Department of the Sports and Concerts Complex disseminated a statement saying that the e-auctions launched by JACES were "illegal". The company disagreed with the market price (25.8 billion AMD) estimated by Best Realty LLC registered in the offshore zone in Panama. 

The Karen Demirchyan Sports and Concerts Complex accuses JACES employees of office abuse, because the court's verdict has not yet come into force and is currently being considered by the Court of Appeal.    

To note, the total area of the Complex (built in 1983) is 46335.7 sq.m., exclusive of the subsidiary facilities.  In 1985 the building of the Complex was damaged by a fire and opened only after renovation in late 1987. The building was renovated by BAMO construction company (Russia). 

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields