RESIDENTS OF 9 YEREVAN BUILDINGS SUBJECT TO DEMOLITION TO RECEIVE APARTMENTS THIS YEAR

Noyan Tapan
March 21, 2008

YEREVAN, MARCH 21, NOYAN TAPAN. At the Macrh 20 sitting, the Armenian
government approved the draft decision on additions and amendments to
the governmental decision of October 25, 2000, as well as the draft
decision on measures to ensure the execution of the 2008 state budget.

The RA deputy minister of urban development Karen Gevorgian told
reporters after the sitting that by one of the amendments, it is
proposed that part of 1 bln 630 mln drams to be allocated from the 2008
state budget for the purchase of apartments with apartment purchase
certificates should be provided in 1st quarter instead of 3rd one,
while portions for 3rd and 4th quarters should be provided in 2nd
quarter. According to the deputy minister, 100 families have already
purchased apartments, another 40 have received 60% of the sum needed
to buy an apartment.

K. Gevorgian said that thanks to another amendment, 141 families
of 9 Yerevan buildings subject to demolition and 16 families of
a residential building in Voskehat village (Armavir marz) will be
provided with apartments this year. In 2000-2006, 6 buildings were
demolished and 234 families received apartments.