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.