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Widow Of Karen Demirchyan Against Privatization Of K.Demirchyan Spor

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  • Widow Of Karen Demirchyan Against Privatization Of K.Demirchyan Spor

    WIDOW OF KAREN DEMIRCHYAN AGAINST PRIVATIZATION OF K.DEMIRCHYAN SPORTS AND CONCERT COMPLEX

    YEREVAN, AUGUST 17. ARMINFO. Widow of Karen Demirchyan Rima Demirchyan
    is against privatization of K.Demirchyan SCC.

    Talking to ARMINFO, she stated that SCC is a facility symbolizing
    revival of Armenia's spirit as counterbalance to the Memorial for
    the Victims of Armenian Genocide in Ottoman Turkey in 1915. Besides,
    Rima Demirchyan stated that construction of the complex cost 40
    mln Soviet rubles to the country, which is equal to $40 mln, so its
    privatization for $6 mln is illegal. Meanwhile, the promised $9 mln
    investment will be made at the expense of SCC's incomes.

    She also stated that the Armenian Government will made a decision
    on privatization on August 18. In his turn, Prime Minister assured
    Rima Demirchyan that the complex will not be renamed even after
    privatization. However, she doubts in it.

    It should be noted that a Russian construction concern BAMO expressed
    intention to buy SCC.
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