Regional

Mika Stadium placed on auction

  • by Alexandr Avanesov

  • Tuesday, August 26, 15:25

The Mika Stadium in Yerevan has been placed on auction by the Judicial Acts Compulsory Enforcement Service (JACES) of the Armenian Ministry of Justice. 

The JACES press service has told ArmInfo that the stadium is put up for sale for 9 billion drams. The closing date of the auction is September 4. 

It was previously reported that the state is not going to forgive the debts of Mikhail Bagdasarov, who owned several enterprises, including Armavia and Mika Stadium. As it was reported earlier, Armavia owes 24.2 billion AMD (about 58 million US dollars) to the Armenian state budget, including 6.9 bln AMD in taxes and 17.3 bln in fines.

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