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    Home EURASIA Armenia

    “Due to the infamous law, the reconstruction of the Varem-Marem building by Samvel Karapetyan was stopped.” Avetis Arakelyan

    The Analyst by The Analyst
    April 20, 2026
    in Armenia
    “Due to the infamous law, the reconstruction of the Varem-Marem building by Samvel Karapetyan was stopped.” Avetis Arakelyan


    Today, Aravot.am is celebrating one year of office in Gyumri reporting Avetis Arakelyan, the acting mayor of Gyumri, inquired whether any Russian businessmen expressed a desire to come and invest in Gyumri. We reminded that bringing investors to Gyumri is one of the provisions of Vardan Ghukasyan’s pre-election program.

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    Avetis Arakelyan quoted Samvel Karapetyan, who had started to rebuild one of the historical buildings of Gyumri, the crumbling building of “Our Childhood Tango”, without any expectations, but because of the absurd “election bribery” article, the renovation of the building was stopped.

    “After that law, is it election bribery, electioneering, I don’t know…

    Last year, Gyumri Mayor Vardan Ghukasyan cooperated with the “Tashir” charitable foundation, which for years wanted to renovate the “Varem-Marem” building with its own funds and hand it over to the city, without any commercial purpose, that is, without taking a single square meter.

    The construction had started, if I’m not mistaken, at this point those works have been stopped by the relevant ministry or department, because according to the latest infamous law, it will be considered as pre-election bribery.

    If we go in that direction, it will not lead us anywhere, it doesn’t matter who the investor is, put aside the name, the other investors will say: we wanted to do something good in Gyumri, let’s come, invest, because of some political processes, our activities will be unfairly stopped and delayed. It does not lead to a good place,” said Avetis Arakelyan.

    By the way, Avetis Arakelyan also complained that because of this law, they will no longer be able to help Gyumri citizens who find themselves in a difficult situation and request financial assistance from the municipality.

    Nune AREVSHATIAN

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