The Armenian government is starting large-scale preparations for the 8th European Political Community Summit to be held in Yerevan on May 4, 2026. In the session of March 19, the executive made a decision to allocate urgently required 350 million drams from the reserve fund for the purpose of repairing the infrastructure of the sports concert complex.
One billion drams will be spent for the event from the state budget. It is noteworthy that “BIDEK” LLC, owned by a former deputy, was declared the winner in the tender for construction works with an offer of 573 million drams. Mher Sedrakyan որդուն՝ Davit Sedrakyan։
Despite the fact that the family has previously represented the opposition “Hayastan” faction, their company regularly receives large state orders in construction projects. The works planned by the project must be completed strictly before the start of the summit.
President of France in 2022 Emmanuel Macron The European Political Community created by the initiative is one of the most important intergovernmental platforms of European countries. A historic event for the region was registered within the framework of the first meeting of this format in Prague.
Through the mediation of European leaders, the Prime Minister of Armenia and the President of Azerbaijan, based on the Alma-Ata Declaration, mutually recognized the territorial integrity of the two countries. At that time, an agreement was reached on the location of the EU civilian mission on the Armenian-Azerbaijani border, which makes the political significance of the upcoming meeting in Yerevan even more important.
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