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Armenian Government Makes Decision To Liquidate Yerevan K. Demirchya

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  • Armenian Government Makes Decision To Liquidate Yerevan K. Demirchya

    ARMENIAN GOVERNMENT MAKES DECISION TO LIQUIDATE YEREVAN K. DEMIRCHYAN SPORT AND CULTURE CENTER

    Yerevan, April 17. ArmInfo. On April 13 the Armenian Government made a
    decision to liquidate Yerevan K. Demirchyan Sport and Culture Center,
    which bears no relation to the deal on the sale of K. Demirchyan
    Sport and Concert Complex (SCC) to the company "Bamo," reliable
    sources told ArmInfo.

    The procedure connected with registration of the SCC property
    privatization and liquidation of the earlier operating state
    non-commercial organization is in question. The given governmental
    decision proceeds from the Law "On state non- commercial
    organizations." The news agency ArmInfo misunderstood the above
    decision. Hence, the information that the deal with "Bamo" was
    broken allegedly for non-fulfillment of the contractual commitments
    by the company does not correspond to reality. ArmInfo presents its
    apologies for the inaccuracy in the information to "Bamo" company
    and to its readers.
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