FIRST BUILDING OF "ROSSIA" TRADE AND CULTURAL CENTER PUT<br /> INTO OPERATION<br /> INTO OPERATION
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FIRST BUILDING OF "ROSSIA" TRADE AND CULTURAL CENTER PUT
INTO OPERATION

  • 07-11-2006 16:54:00   | Armenia  |  Economy
YEREVAN, NOVEMBER 7, NOYAN TAPAN. Sil Concern on November 7 delivered for operation the first building of the "Rossia" Trade and Cultural Center. The center has trade halls and a cafe. Thus the first stage of reconstruction of the Ayrarat Cinema and the adjacent area was completed. During the opening ceremony, the RA Prime Minister Andranik Margarian said that the experience of the Sukiasians - the concern's ownwers is worth copying. In his words, those engaged in big business also create favorable conditions for small and medium business development in Armenia. According to him, there are modern forms of conducting trade, and the future of fairs is such trade halls. At the same time he underlined: " I do not propose closing the fairs." Chairman of Sil Concern Khachatur Sukiasian stated that a trade and cultural center in line with international standards will be built at the 60 thousand-square meter area adjacent to the Ayrarat Cinema in the next 5 years. The International Financial Organization provided a 5.2 million-dollar long-term credit for the construction work. Over 30 mln dollars will be spent on the whole program. The program envisages constructing an 8-story building, a cinema, a play-ground, etc.
  -   Economy