Health Salt Caves center to be privatized in Armenia 

ArmInfo.  On May 22, at its regular meeting, the Armenian government made a decision to privatize the state shares of the Republican Center for Speleotherapy (Health Salt  Caves) CJSC of the Ministry of Health of the Republic of Armenia  through a tender.

As stated in the explanatory note to the document, According to the  draft, the authorized capital of the company is 15,985,000 drams,  which is divided into 3,197 ordinary shares with a par value of 5,000  drams each.

The center is located on the territory of the Avan salt mine on the  northern outskirts of Yerevan, operates at a depth of 235 m, in  natural salt quarries, in an underground space of 4,000 sq. m, which  includes wards, a foyer, patient rooms, bathrooms and other auxiliary  premises. The CJSC is the only one in the entire territory of the  Republic of Armenia, taking into account the specifics of its  activities, and is capable of serving 60/sixty/ patients at the same  time. It is noted that 70% of the sale price of the shares of the  CJSC should be directed to the state  budget of the Republic of Armenia, and 30% - to the budget fund of  the relevant community.