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Armenia’s highest leadership attending Tsitsernakaberd memorial complex

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On the 102nd anniversary of the Armenian Genocide, Armenia’s highest leadership headed by President Serzh Sargsyan along with the First Lady of Armenia Rita Sargsyan and His Holiness Supreme Patriarch and Catholicos of All Armenians Garegin II attended on Monday the Tsitsernakaberd Memorial Complex to pay tribute to the memory of the victims of the Armenian genocide.
Speaker of the National Assembly Galust Sahakyan, Armenia’s Prime Minister Karen karapetyan, Chairman of the Constitutional Court of Armenia Gagik Harutyunyan, Chief of Staff of the President’s Office Armen Gevorgyan and other high-level officilas accompanied the President, placed flowers near the eternal fire which perpetuates the memory of the innocent victims.

 

Yerevan’s Sports & Concerts Complex to be sold to private firm

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195916Karen Demirchyan Sports and Concerts Complex nonprofit organization, currently belonging to the Republic of Armenia and RA Defense Ministry, will be sold to NTAA Investment Group LLC at a price of $30 million.

According to the government’s decision, the buyer is bound to cover costs of property’s valuation worth AMD 2,120,000, engage in at least 6-month labor contracts with 99 employees currently working at the facility with monthly minimum wages of AMD 55,000, organize up to 5 events on government’s request per year within 10 years’ span.

The company must also ensure the people’s right to access Tsitsernakaberd, the Armenian Genocide Memorial freely.

By acquiring the Sports and Concerts Complex and redeveloping the surrounding areas, NTAA Investment Group LLC plans to implement a major investment project, total value of which exceeds $100 million. The investment project is scheduled to be implemented within 4 years: the complex will be renovated and turned into a family-oriented center, which will be the first of its kind not only in Armenia, but also in the region. The complex will include hotels, indoor waterpark, concert halls, meeting rooms, restaurants, shops and a casino.

The hotels will have more than 350 family rooms, the indoor waterpark will cover an area of more than 18,000 square meters and will operate round-year. The project will provide at least 250 new jobs.

The company must also contact international record labels, such as Virgin Records, Sony Records, EMI, while concert centers should cooperate with stars.

NATO Parliamentary Assembly members visit Armenian Genocide Memorial Complex

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NAto-visitYEREVAN. – Members of the NATO Parliamentary Assembly (PA) visited the Armenian Genocide Memorial Complex on Friday along with Koryun Nahapetyan, head of Armenian Parliamentary delegation to the NATO PA, and delegation members Elinar Vardanyan and Tevan Poghosyan.

The delegation members laid flowers at the Memorial commemorating the Armenian Genocide victims and honored the memory of the one-and-a-half million innocent Armenian victims by observing a minute of silence and bowing. They also visited the Genocide Museum.