Yerevan Municipality Takes Over Tycoon Gagik Tsarukyan's Gym

Friday, 17 July 2026

Armenia * Detained tycoon Gagik Tsarukyan’s Multi Wellness gym has been taken over by the Yerevan Municipality, Mayor Tigran Avinyan announced yesterday at an interview with Factor TV, noting that the gym had been built on inalienable land which led to Yerevan municipality to terminate the agreement. While Avinyan pledged that the facility would continue operating as a sports centre with ‘certain social components’, RFE/EL reported that it has remained closed for around 10 days, leaving athlet

By OC Media