Yerevan/Mediamax/. Ribbon cutting ceremony of Art Center and Zatik kindergarten renovated by Geoteam Company took place in Jermuk.

Armenian Deputy Prime Minister, Minister of Territorial Administration Armen Gevorgyan, Governor of Vayots Dzor region Edgar Ghazaryan and Mayor of Jermuk Vardan Hovhannisyan attended the ribbon cutting ceremony November 12.

This year Geoteam has expanded the social projects being implemented since 2007, and along with the social projects in the Amulsar Project’s affected communities of Gorayk, Gndevaz and Saravan, Geoteam has implemented social projects in Jermuk community as well.

In particular, 52 million AMD has been allocated for renovation of the Art Center. The company has provided 45 million drams for renovating the Zatik kindergarten. 1,2 million AMD has been allocated for the construction of outdoors sports ground. 24 million AMD have been allocated by Geoteam to Jermuk Development Fund and 15 million AMD for other improvement projects.

The Managing Director of Geoteam, Hayk Aloyan emphasized that Geoteam, as a subsidiary of Lydian International is carrying out Amulsar project in line with the industry’s best practice not only in terms of the environmental but social management as well.

“The well-being and sustainable development of the surrounding communities is not only part of our Corporate Social Responsibility, but a firm belief. We are certain that a prosperous community is the best partner. Amulsar project hasn’t yet started the construction and production. So we are sure that as the project develops the social-economic impact of the project on the communities will grow rapidly”, Hayk Aloyan said.