ArmInfo. The concept for the preservation and adaptation to new conditions of the former building of the Ministry of Foreign Affairs of Armenia, located on Republic Square in Yerevan, has been approved. The total investment volume is expected to exceed $150 million, according to the press service of Zvartnots International Airport.
It is noted that the concept for the reconstruction of the former Armenian Ministry of Foreign Affairs building, owned by Corporation of America Airports, was unanimously approved on September 30 by the Scientific and Methodological Council under the Ministry of Education, Science, Culture, and Sports of the Republic.
Zvartnots reported that the concept was developed in collaboration with the world-renowned London-based architectural and design firm Foster + Partners, as well as the Armenian architectural firm Quadrum Architectural Office, which has extensive experience in the restoration of historic buildings.
The project envisions the conversion of the existing building into a multifunctional complex that will include hotel, residential, office, and commercial space, as well as new public spaces. The project's approval was preceded by close collaboration between the architectural teams and the Scientific and Methodological Council under the Ministry of Education, Science, Culture, and Sports of the Republic of Armenia, which lasted approximately 18 months. Particular attention was paid to preserving the architectural and historical value of the building, as well as its unique cultural heritage elements.
"Our goal is to breathe new life into this iconic building, preserving its historical identity and direct connection to Republic Square, while creating a modern and dynamic environment for residents and visitors," said Martin Eurnekian, CEO of Corporacion America Airports.
The Second Government Building, formerly home to the Ministry of Foreign Affairs of Armenia, was sold to Tango CJSC, owned by Eduardo Eurnekian, an Argentine businessman of Armenian descent, for $51,270,840, according to a government decision in October 2012. According to the terms of the sale, the buyer agreed to invest the required amount and, after renovating the former Ministry of Foreign Affairs building, transform it into a five-star hotel of a renowned international brand, while preserving the building's historical and cultural character.
Argentine entrepreneur Eduardo Eurnekian is the owner of Corporación América, which manages the concessionary management of Yerevan's Zvartnots Airport. He is also implementing other major projects in Armenia, particularly in agriculture. The entrepreneur owns Converse Bank CJSC (72.89%, Advanced Global Investments LLC - headed by Eduardo Eurnekian).
Political scientist: We need to move away from the question of "when" and replace it with more important questions
International Law Specialist: Azerbaijan intends to initiate legal proceedings against Armenia by sentencing Armenian prisoners
An Armenian Turkologist spoke out against attempts to deny the value of Artsakh and the liberation of Armenia.
Russian political scientist: Moscow`s reaction to the TRIPP project will largely depend on the trend in Russian-American relations
Armenian Political Scientist: The approaches, methods, rmphases and content of today’s struggle in Armenia Cannot Remain the Same
Russian Security Council: In Armenia, they want to force Russian asset owners to dispose of their assets
Zakharova: Russia ready to discuss with Armenia the prospects for expanding military cooperation as part of a review of bilateral ties
Tevanyan: Armenia, like Ukraine and Moldova, is being drawn into the EU’s global war
Yerevan City Hall is considering introducing a valet parking system in the city
Expert: The circus surrounding the “Albanization” of Armenian culture in the presence of foreign ambassadors in occupied Artsakh is genocide
Political scientist: If Russian-Armenian relations are destroyed, Turkey will take Russia`s place
Political scientist: The Armenian public is simply obliged to significantly change the entire content of public discourse and struggle
Cross tattoos are being removed from the skin of Christian prisoners in Azerbaijan by fire, according to a human rights activist.
Zakharova: Armenia`s likely introduction of visas with Russia will be a step against Yerevan itself
Putin: Armenia`s recognition of Karabakh as part of Azerbaijan in Prague has given Russia`s position on this issue an ambivalent character
Putin: Armenia`s adoption of the law on EU accession means an announcement of its withdrawal from the Eurasian Economic Union
Medvedev: Yerevan will never become an EU member, but it will permanently damage relations with the Eurasian Economic Union, including with Moscow.
Arrested Armenian oligarch on economy and new jobs 
"In Baku, we gave a worthy rebuff to the false claims regarding the past and present of our people" – Former Artsakh Parliament Speaker from Baku captivity 
