HAYFILM SOLD TO ARMENIASTUDIOUS FOR 350 MLN DRAMS

YEREVAN, AUGUST 11, NOYAN TAPAN. Armeniastudios CJSC, 100% of whose
shares belongs to the television company Armenia, was announced the
winner of the tender for alienating the property of the Hayfilm Studio
after Hamo Beknazarian. Summarizing the tender results on August 11,
Chairman of the Tender Commission, Head of the State Property
Management Department Ashot Markosian stated that that the company met
the tender requirements, in particular it offered 350 mln drams (795
thousand USD), which exceeds the minimum price by about 83 mln drams,
and pledged to make investments of 30 bln drams within the next 10
years. According to the president of the television company Armenia
Bagrat Sargsian who represented the company’s interests, major repairs
of the building and its furnishing, as well as installation of modern
equipment will be done over the next two years. It is also envisaged
to restore all the films kept in Hayfilm’s storehouses within a year.