Foreign Ministry Building to be Auctioned

Armenia's Foreign Ministry building

YEREVAN—The historic building housing Armenia’s Foreign Ministry and other ministries will be auctioned months after the government announced its sale to Argentinean businessman Eduardo Eurnekian, announced the government’s press service on Thursday.

The government reported in October that it had sold the building to Eurnekian for a reported more than $51 million. At the time the government announced that the building be converted into a luxury hotel. The October statement also said Eurnekian’s company was to construct a new Foreign Ministry building elsewhere in downtown Yerevan by September 2015. The Armenian government will pay for the construction with proceeds from the sale, it added.

Head of the State Property Department Arman Sahakian on Thursday said that the government has reconsidered the sale and in what he termed as a government effort for more transparency, the building will be auctioned to the highest bidder, reporter the Beijing-based Xinhua News Agency.

Sahakian also refuted reports that Eurnekian was backing out of the deal, saying that he would be able to participate in the auction, if he chose to.


Discussion Policy

Comments are welcomed and encouraged. Though you are fully responsible for the content you post, comments that include profanity, personal attacks or other inappropriate material will not be permitted. Asbarez reserves the right to block users who violate any of our posting standards and policies.


  1. Hrant K. said:

    Where will the Foreign Ministry Buiding be located between 2013 and 2015? After all not everything should be for
    Sale in Armenia. The Luxury Hotel could be built on the Northern Avenue or in a suburb of Yerevan. Why should
    everything be located on the Azadutioun Roundabout (Hrabarag)?!!!

    • Hrant K. said:

      If you had a little bit of self respect, you would have thought twice what you were posting!!! Just
      remember what our Foreign Minister has done in the case of Safarov and many many others!!!
      not a funny joke , grow up !!!