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Gevork Gevorkian, the director of Hayfilm (ArmenFilm) studio told Armenpress
a US-based businessman of Armenian origin has offered to pay $1.5 million for
the studio an pledged to invest another $100 million to make it a contemporary
laboratory for production of films.

Gevorkian said none of his employees is against privatization, as “it is very
difficult to shoot films in conditions which the studio offers.” He said out of
15 cameras only one works and that one was presented to it by Charles Aznavour
15 years ago.

Gevorkian has been director of the studio since 1992. He said the program
presented by Khachikian meets their expectations, both in what regards its
modernization, wages, improvement of the studio’s territory, training of the
personnel and so. The restoration project, designed by another US-based
Armenian, envisages that in five years the studio would develop into a modern

Two other businessmen of Armenian origin, Gerard Cafesjian from the USA and
Ara Abrahamian from Russia have submitted their bids. The first proposed
$600,000 for the studio and $5 million in investments and the second $1 million
and $ 6 million in investments.

Hayfilm movie studio is located on 33.4 hectares just outside Yerevan.

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