TuesdayJuly 29
  • USD 406.97
  • EUR 550.63
  • RUB 11.63

Armenia will donate land to Russia

16:17, 07.03.2012 Region: Armenia, Russia Theme: Economics, Society

YEREVAN. – The Government of Armenia on Wednesday adopted a decision, whereby several premises will be transferred over to Russia free of charge. This business deal is specified by the intergovernmental agreement—signed on October 24, 2011—on real estate exchange for diplomatic representations.

In return, Armenia will receive its Moscow Embassy building and land as property. But according to Deputy FM Shavarsh Kocharyan, since Russian legislation does not permit the alienation of property, Armenia will receive the given area for a symbolic amount and a 100-year right to use.  And in return, the Russian Embassy will be allocated its adjoining 300-m3 land.      

Also, a building will be purchased for the Russian Consulate in Gyumri city. In addition, the three-hectare Aghveran Recreation Base—which until then was given to the Russian Embassy for a 49-year free use—will be allotted to Russia. 

And a one-hectare land will be set aside, in a Yerevan suburb, for the construction of the Russian ambassador’s residence.

Armenia News - NEWS.am

More in topic

Armenian oligarch MP expands activities – newspaper

Aleksanyan spares nothing to make his hospital become the best…

US dollar rate drops slightly

The average exchange rate comprised AMD 407.66/$1...

Yerevan rubber plant employees to receive one-month salary

PM Abrahamyan received a group of Nairit workers…

Armenia electricity price hike’s real reason – newspaper

For educational and disciplinary considerations?...

Where has 78 kilos of heroin gone in Armenia? – newspaper

It is clear that the heroin has not yet been destroyed...

Need for science no longer felt in Armenia? – newspaper

The Energy and Natural Resources Ministry’s chemistry division will be dissolved on July 2…