Armenian restaurateur David Yeremyan to invest $750,000 in opening new restaurants in Yerevan

ARKA, Armenia
Sept 12 2019

YEREVAN, September 12. /ARKA/. A well-known Armenian restaurateur David Yeremyan will open new restaurants on the territory of Karen Demirchyan Sports and Concert Complex.

The government of Armenia decided today to provide The Yeremyan Father and Son LLC with f 246.6 square meters on the first floor and 529.4 square meters on the 9th floor of the complex for opening the restaurants for a period of 10 years.

The company will be paying 3 million drams as a rent fee each month, of which 20% will be given to the government budget and the remaining 80% to the state budget of Armenia. The company is to invest 356 million drams and create at least 40 jobs within 6 months.

David Yeremyan is the owner of Yeremyan Projects, which runs Tavern Yerevan restaurants, fast food restaurants Yerevan Shaurma, as well as Lavash, Sherep and Pandok Yerevan Getapin restaurants. The company's business initiatives are aimed at boosting culinary creativity and innovations in Armenia. The new restaurants will offer tourists and local residents delicious dishes of the unique cuisine. ($ 1 – 476.34 drams) –0–