One of Yerevan's most notatable and distinctive public buildings - the covered market on Mashtots avenue - is been demolished. Designed by Grigor Abababian and built in the 1940s, it was famous for its cavernous, railway station-like interior, and its entrance facade that was inspired by the polygonal stone inlay entrance facades of medieval Armenian palaces and which contained motifs derived from the produce sold within, interspersed with Soviet motifs. The building is owned by the well-known criminal and member of the Armenian parliament, Samvel Alexanyan.

99% of the sugar imported into Armenia is imported by Samvel Alexanyan’s businesses. They are "businesses" because every few years he closes one company and starts up another that does an identical thing - this enables him to postpone paying taxes on the new company while enjoying exactly the same income as with the old company. Some of his many other companies include Flitfood, Nataly Pharm, Salex Group, Salex Grig, etc. His supermarkets are fronts for seling fake Russian vodka and repackaged out-of-date food products. One of the more amusing stories from the aftermath of Armenia's latest election fiasco was the one of Alexanyan distributing envelopes full of money to Malatiya-Sebastiya electoral officials in a post-election party he hosted.
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