A state non-commercial organization has been set up at the Defense Ministry of Armenia to manage the Sports and Concert Facility after Karen Demirchyan. A relevant enactment was adopted at the Government, Thursday.
Defense Minister Seyran Ohanyan said the Facility together with the auxiliary buildings will be transferred under jurisdiction of the state non-commercial organization.
The Facility had a 10.207 bln drams credit debt and other unpaid state taxes in the amount of 204 million drams. The Facility was set to auction. For lack of buyers, it was transferred to the Defense Ministry.