In mid-March, the Public Council of Armenia will announce hearings on "Sis Masis, New Armenia" program. The decision was made by the members of the small committee of Public Council of Armenia on February 24. Ministers of economy, environmental protection, as well as large and medium sized businesses will be attending the hearing.

The program requiring $ 400 million, aims at building various recreational vacation complexes on Armenian lakes.

It was noted that Kirk Kirkorian agreed to manage the program, but refused to make an investment.

Authors of the project called on the Public Council of Armenia to make the process transparent and public.