ARMENIAN BUSINESS HOTEL COMPLEX DELIVERED TO AUA MANAGEMENT

Noyan Tapan News Agency, Armenia
Oct 6 2005

YEREVAN, OCTOBER 6, NOYAN TAPAN. The ceremony of renaming Armenian
Business Complex after Vardges and Hasmik Barsams took place on
October 6. During the ceremony, Mr. Vardges Barsam stated that Armenian
Business Hotel Complex is delevered to the management of the American
University of Armenia (AUA) for the purpose of assisting the program
on enrollment of regional and foreign students.

With a financial assistance of the USAID’s organization “American
Schools and Hospitals Abroad”, the AUA need to make an investment
of about 300 thousand USD inorder to repair and technically re-equip
the building.

To recap, Armenian Business Hotel Complex was set up in 1990.