As reported news.am, Yerevan Circus art-director Sos Petrosyan announced, that the circus building restoration will be completed in October 2014, a year later than the scheduled date. The Armenian circus restoration began in September 2011 and would be completed in October 2013. According to Mr. Petrosyan, construction delays are associated with design changes, and as a result, restoration plan changes into new construction. The new building will have two-story parking, and the "riding arena" will rise by 6 meters higher. In this regard, the circus building roof also needs to be raised to 6 meters higher. Subsequently, the building designers decided to demolish the old building and to build the new one. The new circus building differs from the old one by height, seats will be increased by 500, the underground floor and 3 arenas will be added, and so on. According to preliminary data the restoration budget was US$ 10 million, but the new construction will double the budget. The Yerevan Circus old building was built in 1962 and never has been renovated.

"Hyatt Hotels" Corporation announced that a Hyatt affiliate has entered into an agreement with "Ginekar" Limited Liability Company for a Hyatt Place hotel in Yerevan, the capital of Armenia, reported The Financial. Hyatt Place Yerevan is the First Hyatt Place hotel in CIS countries and the third Hyatt Place hotel under development in Europe, joining Hyatt Place Amsterdam Airport and Hyatt Place Zurich Airport. Slated to open in the spring of 2013, Hyatt Place Yerevan will offer 96 guestrooms, in addition to more than 120 square meters of meeting space, an open market with made-to-order meals and snacks around the clock, a restaurant offering breakfast, lunch and dinner; a bar; a four-station e-room, and a well-equipped fitness center. As Hyatt Hotels Corporation reported, the hotel will be located next to Republic Square, the heart of Yerevan's city center, and is in close proximity to the Government House, the Ministry of Foreign Affairs, the National Gallery, and Abovyan Street, the city's main thoroughfare with many boutiques, cafes and gift shops. "We are pleased to introduce the Hyatt Place brand to a city that is undergoing major commercial and development enhancements and transformations," said Peter Norman, Senior Vice President - Acquisitions and Development for Hyatt International - Europe, Africa, Middle East LLC. . "We are proud to develop the first Hyatt Place hotel in Armenia," said Samvel Sargsyan, Chairman of the Board, Ginekar Limited Liability Company. "The Hyatt Place brand is a unique and refreshing concept, and we believe that this will be a very successful hotel serving business and tourist visitors to the Armenian capital."

According to Director General of the South Caucasus Railways (SCR) Viktor Rebets, the project to connect Armenia's international Zvartnots airport and the Yerevan underground with a commuter train service will soon get off the drawing board, reported Armenian mass media. A trilateral memorandum about the intention to build a commuter train link was signed among the RA minister of transport and communications Manuk Vardanyan, the SCR Director General Viktor Rebets and the Armenia International Airports general manager Marcelo Wende on May 4. The new railway will link the Charbakh station of the Yerevan underground and the international airport, and to be built within a year. The length of the rail link is about 7.8 kilometers. Also an 810-meter-long tunnel is expected to be built. The Armenian Government in last November approved the program to build an international logistics center and transportation infrastructures in the territory neighboring Zvartnots International Airport. New railway is a part of the project of free economic zone which also include highway construction. The realization of the project is expected to facilitate access to the city for passengers at Zvartnots as well as provide a link between the airport's cargo terminal and the Karmir Blur railway station.

In 2005 Armenian Government made a decision to build a little Old Yerevan corner in the center of capital, but the project is still only on paper. According to the plan, in capital's heart, not far from the Republic Square, should be reconstructed a little historical and cultural center of old Yerevan. The total site for the historical development is about 2.0 hectares, which is delineated in rectangular area (300m x68m) by Arami, Abovyan, Buzand and Koghbatsi streets. Over the past years, many historical buildings in Yerevan were dismantled with future purpose to restore them in "Old Yerevan" project. The chief designer of the project architect Levon Vardanyan (LV Architect) during his interview to news agency Regnum said that the construction work will start at an early date. The project will include historical and cultural buildings built in XIX and early XX centuries and dismantled recently. The 20 relocated historical buildings will accommodate cafes and restaurants, shops, showrooms, specialized art galleries and museums, as well as small hotel becoming an active part of modern urban life. According to news-portal Panorama, the head of department of Monuments Protection of the Ministry of Culture RA Karo Ayvazyan, said, that the numbered stones from dismantled historical buildings are in storages of 5 private companies. As he said, 15 percent of the stones are in very poor condition, and 10 percent can be used after some restoration work.

According to news.am, in Armenia in the third quarter of this year were registered 3427 real estate transactions, 2.9 percent lower compared to the same period of last year. It should be noted, that 2403 or 68 percent of transactions were registered in the capital. In September the average price for 1 square meter in Yerevan was 256.5 thousand AMD or US$ 670 - 5.1 percent lower compared to the same period of last year. In Center district an average price for 1 square meter is 1.7 times higher than the average urban rate. The price for 1 square meter in down town is 436.2 thousand AMD or US$ 1172. The second "high price" district is Arabkir, where average price for 1 square meter is 337.9 thousand AMD or US$ 908. More affordable housing is available in such districts, as Avan, where the average apartment prices are 2 percent lower compared to the average urban rate. In Nor Nork and Ajapnyak districts average apartment prices are 13 percent lower than average capital rate. The lowest apartment prices are registered in Nubarashen district.