YEREVAN. – It is very likely that Armenian capital Yerevan’s tallest building, with 50 stories, will be built at the heart of the city, nearby Moscow Movie Theater and Golden Tulip Hotel, Haykakan Zhamanak daily writes. 

“A half-state-run Iranian company wants to construct such building in downtown Yerevan, and the building will be called ‘Persia Tower.’ [Its] several floors will be commercial, several will be residential, and more than ten floors will be a hotel.

As Yerevan’s chief architect Narek Sargsyan told us, through his assistant, this matter is not yet discussed at the Urban Planning Council, which means there is formally no such plan. [But] When reaching such decision, the relevant officials will not at all be guided by professional standards. The important thing for them will be the instruction [given] from above, and how much the ‘good treatment’ would cost,” Haykakan Zhamanak daily writes.