Thursday, February 15 2024 13:02

ArmInfo. In a significant move, the Armenian government has announced its intention to acquire a  historical building in Paris, valued at 23 million euros, to house its embassy in France. The decision, made during a cabinet meeting on February 15, 2024, marks an important milestone in Armenia's diplomatic history.

The building, nestled in the prestigious 16th arrondissement of  Paris, carries significant historical weight.  Once owned by the late  third president of France, Valery Giscard d'Estaing, it stands as a  testament to the rich tapestry of French history. The Armenian  government's decision to purchase this property underscores its  commitment to preserving and celebrating such historical  significance.

The seller has agreed to part with the property for 23 million euros,  a figure that, while substantial, is believed to be lower than the  building's actual market value. The process of acquiring the building  is expected to take between three to four months, during which the  Armenian government will make state payments amounting to 7.5% of the  building's value to facilitate the transaction.

The funds for this significant purchase will be allocated from the  Armenian government's 2024 state budget, with the Ministry of Foreign  Affairs receiving the necessary resources to complete the  transaction.  This allocation reflects the government's  prioritization of diplomatic relations and its commitment to  strengthening Armenia's presence on the global stage.

The Armenian Minister for Europe and Foreign Affairs, Mr. Ararat  Mirzoyan, met with his French counterpart, M. Stephane Sejourne, to  discuss this important development. The meeting served to underscore  the strong bilateral relations between Armenia and France and the  shared commitment to bolstering these ties further.

As Armenia embarks on this new chapter in its diplomatic history, the  acquisition of this historical building in Paris serves as a symbol  of the country's enduring commitment to preserving history, fostering  strong diplomatic relations, and investing in its future.