YEREVAN. – Tango Company, which belongs to Argentinean-Armenian businessman Eduardo Eurnekian, purchased the Government of Armenia Building No.2, where the country’s Ministry  of Foreign Affairs currently functions. 

During Thursday’s Cabinet session the Government approved the building’s sales deal, which is worth AMD 20,6 billion (approx. $50,391,095) and the building’s total area is 14,200 square meters.

After renovation, the building will be turned into a five-star hotel.

To note, Tango Company had already purchased the area of the former Justice Ministry building, and on the condition of constructing a public building there. But since the state is reserved the priority right to buy that building, the MFA probably will be relocated to that building, where the Justice Ministry will return and, also, space could be allocated for the Diaspora Ministry.