YEREVAN. – An Austrian company will renovate the Sundukyan State Academic Theatre, which is the oldest theater in Armenia’s capital city of Yerevan. 

The respective agreement was approved at Thursday’s Cabinet meeting. 

For this purpose, a €7-million loan is planned to be received from the Development Bank of Austria.

The Austrian specialized Waagner-Biro consortium, which already has renovated the stages of the Armenian National Academic Theatre of Opera and Ballet, will carry out the renovations at the Sundukyan theatre, which functions since 1921.