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Mika sporting facility placed under management of Armenian finance ministry
YEREVAN, August 28. / ARKA /. Mika sporting facility in Yerevan, owned
by businessman Mikhail Baghdasarov, will be placed under the
management of the Armenian ministry of finance, deputy finance
minister Pavel Safaryan said at a government session today.
Under a government decision adopted today, the ministry of finance is
proposed to acquire the facility in exchange for the tax liabilities
of 9.045 billion drams of Armavia airline and Mika Corporation if
these properties are not sold through compulsory auctions.
The initial value of the complex put up for sale on August 25th by the
Service for Compulsory Enforcement of Judicial Acts is a little over 9
billion drams (about $22 million).
Safaryan said today that Armavia owes more than 7.1 billion in various
taxes, while Mika Corporation has to pay 365.3 million drams. He said
both companies have also other liabilities.
He noted that the future fate of the sports complex and the
possibility of its use have not been determined yet.
The total area of the complex built in 2008 is 3,658.9 sq.m. Its
stadium has 7250 seats. The complex is owned by businessman Mikhail
Bagdasarov. Bagdasarov also owned Armavia airline that suspended
flights from 1 April 2013 to begin the bankruptcy proceedings. ($ 1 -
410.20 drams). -0--
http://arka.am/en/news/sport/mika_sporting_facility_placed_under_management_of_ armenian_finance_ministry/#sthash.of7e4o4z.dpuf
From: A. Papazian
YEREVAN, August 28. / ARKA /. Mika sporting facility in Yerevan, owned
by businessman Mikhail Baghdasarov, will be placed under the
management of the Armenian ministry of finance, deputy finance
minister Pavel Safaryan said at a government session today.
Under a government decision adopted today, the ministry of finance is
proposed to acquire the facility in exchange for the tax liabilities
of 9.045 billion drams of Armavia airline and Mika Corporation if
these properties are not sold through compulsory auctions.
The initial value of the complex put up for sale on August 25th by the
Service for Compulsory Enforcement of Judicial Acts is a little over 9
billion drams (about $22 million).
Safaryan said today that Armavia owes more than 7.1 billion in various
taxes, while Mika Corporation has to pay 365.3 million drams. He said
both companies have also other liabilities.
He noted that the future fate of the sports complex and the
possibility of its use have not been determined yet.
The total area of the complex built in 2008 is 3,658.9 sq.m. Its
stadium has 7250 seats. The complex is owned by businessman Mikhail
Bagdasarov. Bagdasarov also owned Armavia airline that suspended
flights from 1 April 2013 to begin the bankruptcy proceedings. ($ 1 -
410.20 drams). -0--
http://arka.am/en/news/sport/mika_sporting_facility_placed_under_management_of_ armenian_finance_ministry/#sthash.of7e4o4z.dpuf
From: A. Papazian